Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Armenian Dram/US Dollar (FOREX:AMDUSD)
Sidelines Mode (+55) - AMDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for AMDUSD
The long-term trend has been UP since Apr 12th, 2021 at 0.00187105
The intermediate-term trend has been UP since May 24th, 2020 at 0.00207660
The short-term trend has been DOWN since Apr 7th, 2021 at 0.00207620
Smart Scan Analysis for AMDUSD
Based on our trend formula, AMDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).