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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.

FOREX_EURAMD
Open High Low EURAMD Price Change
554.74 554.74 554.74 554.74 0.00
Entry Signal

MarketClub’s Trade Triangles for EURAMD

long term down The long-term trend has been DOWN since Jun 17th, 2021 at 620.63

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 579.43

short term down 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).

-100
Smart Scan Analysis for EURAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
554.74 554.74 554.74 554.74 0.00
Prev. Close Volume Bid Ask Time
554.74 2021-10-26 07:16:42
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