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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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
437.9 437.9 437.9 437.9 0.0
Entry Signal

MarketClub’s Trade Triangles for EURAMD

long term up The long-term trend has been UP since Oct 5th, 2023 at 438.3

intermediate term up The intermediate-term trend has been UP since Oct 5th, 2023 at 413.6

short term down The short-term trend has been DOWN since Dec 3rd, 2023 at 439.2

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
437.9 437.9 437.9 437.9 0.0
Prev. Close Volume Bid Ask Time
437.9 2023-12-04 07:30:27
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