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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Armenian Dram (FOREX:USDAMD)

Crossroads (-60) - USDAMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDAMD?

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

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

FOREX_USDAMD
Open High Low USDAMD Price Change
401.96000 403.59631 401.96000 403.59631 +1.63631
Entry Signal

MarketClub’s Trade Triangles for USDAMD

long term up The long-term trend has been UP since Oct 5th, 2023 at 389.86684

intermediate term down The intermediate-term trend has been DOWN since Mar 1st, 2024 at 404.03000

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 403.08207

Smart Scan Analysis for USDAMD

Based on our trend formula, USDAMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
401.96000 403.59631 401.96000 403.59631 +1.63631
Prev. Close Volume Bid Ask Time
401.96000 2024-03-18 15:33:28
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