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.
MarketClub’s Trade Triangles for EURAMD
The long-term trend has been UP since Oct 5th, 2023 at 438.3
The intermediate-term trend has been UP since Oct 5th, 2023 at 413.6
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).