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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Euro/Armenian Dram (FOREX:EURAMD)

Sidelines Mode (+55) - EURAMD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
637.25 637.25 637.25 637.25 0.00
Entry Signal

MarketClub’s Trade Triangles for EURAMD

long term up The long-term trend has been UP since Mar 5th, 2020 at 536.36

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2021 at 633.41

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 638.19

Smart Scan Analysis for EURAMD

Based on our trend formula, EURAMD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
637.25 637.25 637.25 637.25 0.00
Prev. Close Volume Bid Ask Time
637.25 2021-02-26 07:19:58
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