Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Euro/Armenian Dram (FOREX:EURAMD)
Sidelines Mode (+50) - EURAMD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURAMD can gain momentum.
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.
MarketClub’s Trade Triangles for EURAMD
The long-term trend has been DOWN since Mar 8th, 2023 at 411.66
The intermediate-term trend has been UP since Mar 28th, 2023 at 414.00
The short-term trend has been UP since Mar 28th, 2023 at 414.00
Smart Scan Analysis for EURAMD
Based on our trend formula, EURAMD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).