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Forex Trend Analysis Report

Prepared for you on Thursday, October 22, 2020.

Armenian Dram/Euro (FOREX:AMDEUR)

Strong Downtrend (-100) - AMDEUR 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 AMDEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for AMDEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AMDEUR
Open High Low AMDEUR Price Change
0.00171376 0.00171376 0.00171376 0.00171376 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AMDEUR

long term down The long-term trend has been DOWN since Jun 24th, 2020 at 0.00186088

intermediate term down The intermediate-term trend has been DOWN since Oct 6th, 2020 at 0.00174819

short term down The short-term trend has been DOWN since Oct 21st, 2020 at 0.00174159

Smart Scan Analysis for AMDEUR

Based on our trend formula, AMDEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for AMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00171376 0.00171376 0.00171376 0.00171376 0.00000000
Prev. Close Volume Bid Ask Time
0.00171376 2020-10-21 21:00:24
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