Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Armenian Dram/US Dollar (FOREX:AMDUSD)

Crossroads (-60) - AMDUSD 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 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
0.00259019 0.00259019 0.00259019 0.00259019 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AMDUSD

long term up The long-term trend has been UP since Mar 28th, 2024 at 0.00251572

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2024 at 0.00258789

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00259294

Smart Scan Analysis for AMDUSD

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

-60
Smart Scan Analysis for AMDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00259019 0.00259019 0.00259019 0.00259019 0.00000000
Prev. Close Volume Bid Ask Time
0.00259019 2024-06-21 07:26:09
Get a free daily analysis and signals for Armenian Dram/US Dollar (AMDUSD) - Request Your Free Report.