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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Euro/Armenian Dram (FOREX:EURAMD)
Long-Term Downtrend (-90) - EURAMD is in a strong downtrend that is likely to continue. While EURAMD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for EURAMD
The long-term trend has been DOWN since Nov 18th, 2024 at 417.1
The intermediate-term trend has been DOWN since Jan 8th, 2025 at 412.2
The short-term trend has been DOWN since Dec 10th, 2024 at 422.6
Smart Scan Analysis for EURAMD
Based on our trend formula, EURAMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 407.3 | 407.3 | 407.3 | 407.3 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 413.2 | 2025-01-13 07:25:14 |