Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
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 Oct 5th, 2023 at 0.00257705
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.00251954
The short-term trend has been DOWN since Nov 21st, 2023 at 0.00249361
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).