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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Euro/Armenian Dram (FOREX:EURAMD)
Countertrend Down (-85) - EURAMD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 28th, 2024 at 433.4
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 438.2
The short-term trend has been UP since Apr 9th, 2024 at 421.0
Smart Scan Analysis for EURAMD
Based on our trend formula, EURAMD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 421.1 | 421.1 | 421.1 | 421.1 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 421.1 | 2024-04-17 21:01:46 |