Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

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.

FOREX_AMDUSD
Open High Low AMDUSD Price Change
0.00262671 0.00262671 0.00262671 0.00262671 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AMDUSD

long term up The long-term trend has been UP since Apr 19th, 2022 at 0.00209924

intermediate term up The intermediate-term trend has been UP since Jan 31st, 2023 at 0.00253973

short term up The short-term trend has been UP since Jan 31st, 2023 at 0.00253931

Smart Scan Analysis for AMDUSD

Based on our trend formula, AMDUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for AMDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00262671 0.00262671 0.00262671 0.00262671 0.00000000
Prev. Close Volume Bid Ask Time
0.00262671 2023-03-18 03:55:50
Get a free daily analysis and signals for Armenian Dram/US Dollar (AMDUSD) - Request Your Free Report.