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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Armenian Dram/Euro (FOREX:AMDEUR)

Bear Market Rally (-75) - AMDEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AMDEUR as it may be in the beginning of a reversal.

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.

FOREX_AMDEUR
Open High Low AMDEUR Price Change
0.0022944 0.0022944 0.0022944 0.0022944 0.0000000
Entry Signal

MarketClub’s Trade Triangles for AMDEUR

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 0.00229228

intermediate term down The intermediate-term trend has been DOWN since Oct 5th, 2023 at 0.00243058

short term up The short-term trend has been UP since Dec 3rd, 2023 at 0.00228754

Smart Scan Analysis for AMDEUR

Based on our trend formula, AMDEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for AMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0022944 0.0022944 0.0022944 0.0022944 0.0000000
Prev. Close Volume Bid Ask Time
0.0022944 2023-12-04 07:30:27
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