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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Armenian Dram/Euro (FOREX:AMDEUR)
Countertrend Up (+85) - AMDEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AMDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for AMDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for AMDEUR
The long-term trend has been UP since Nov 18th, 2024 at 0.00240997
The intermediate-term trend has been UP since Oct 1st, 2024 at 0.00234136
The short-term trend has been UP since Oct 1st, 2024 at 0.00233751
Smart Scan Analysis for AMDEUR
Based on our trend formula, AMDEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00245639 | 0.00245639 | 0.00245639 | 0.00245639 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00245639 | 2024-11-18 07:25:24 |