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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Armenian Dram (FOREX:EURAMD)
Countertrend Up (+85) - EURAMD 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 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.
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MarketClub’s Trade Triangles for EURAMD
The long-term trend has been UP since Jul 14th, 2024 at 422.9
The intermediate-term trend has been UP since Jul 4th, 2024 at 418.3
The short-term trend has been DOWN since Jul 21st, 2024 at 422.9
Smart Scan Analysis for EURAMD
Based on our trend formula, EURAMD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 421.1 | 421.1 | 421.1 | 421.1 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 421.1 | 2024-07-26 14:00:13 |