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.
MarketClub’s Trade Triangles for AMDEUR
The long-term trend has been DOWN since Jun 24th, 2020 at 0.00186088
The intermediate-term trend has been DOWN since Oct 6th, 2020 at 0.00174819
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).