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.
MarketClub’s Trade Triangles for EURAMD
The long-term trend has been UP since Mar 5th, 2020 at 536.36
The intermediate-term trend has been UP since Feb 9th, 2021 at 633.41
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).