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.
MarketClub’s Trade Triangles for AMDEUR
The long-term trend has been DOWN since Oct 5th, 2023 at 0.00229228
The intermediate-term trend has been DOWN since Oct 5th, 2023 at 0.00243058
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).