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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Armenian Dram/US Dollar (FOREX:AMDUSD)
Countertrend Up (+85) - AMDUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid AMDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AMDUSD.
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 AMDUSD
The long-term trend has been UP since Mar 28th, 2024 at 0.00251572
The intermediate-term trend has been UP since May 2nd, 2024 at 0.00259434
The short-term trend has been DOWN since May 7th, 2024 at 0.00259198
Smart Scan Analysis for AMDUSD
Based on our trend formula, AMDUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00259039 | 0.00259039 | 0.00259039 | 0.00259039 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00259039 | 2024-05-09 07:26:26 |