Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
Armenian Dram/US Dollar (FOREX:AMDUSD)
Bear Market Rally (-75) - AMDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AMDUSD as it may be in the beginning of a reversal.
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 DOWN since Nov 27th, 2024 at 0.00258324
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 0.00260396
The short-term trend has been UP since Dec 10th, 2024 at 0.00250570
Smart Scan Analysis for AMDUSD
Based on our trend formula, AMDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00255343 | 0.00255343 | 0.00255343 | 0.00255343 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00255343 | 2024-12-10 07:25:10 |