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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Euro/Armenian Dram (FOREX:EURAMD)

Long-Term Downtrend (-90) - EURAMD is in a strong downtrend that is likely to continue. While EURAMD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURAMD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURAMD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURAMD
Open High Low EURAMD Price Change
415.1 415.1 415.1 415.1 0.0
Entry Signal

MarketClub’s Trade Triangles for EURAMD

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 433.4

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 419.8

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 421.0

Smart Scan Analysis for EURAMD

Based on our trend formula, EURAMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
415.1 415.1 415.1 415.1 0.0
Prev. Close Volume Bid Ask Time
415.6 2024-06-16 21:00:21
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