Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Euro/Armenian Dram (FOREX:EURAMD)
Strong Downtrend (-100) - EURAMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for EURAMD
The long-term trend has been DOWN since Jun 17th, 2021 at 620.63
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 579.43
The short-term trend has been DOWN since Sep 9th, 2021 at 585.82
Smart Scan Analysis for EURAMD
Based on our trend formula, EURAMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).