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Forex Trend Analysis Report
Prepared for you on Friday, April 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.
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MarketClub’s Trade Triangles for USDAMD
The long-term trend has been DOWN since Mar 21st, 2024 at 399.39797
The intermediate-term trend has been UP since Apr 14th, 2024 at 394.40145
The short-term trend has been UP since Apr 9th, 2024 at 388.67593
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 394.64682 | 394.64682 | 394.64682 | 394.64682 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 392.60000 | 2024-04-17 21:01:46 |