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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
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.
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MarketClub’s Trade Triangles for AMDUSD
The long-term trend has been UP since Mar 28th, 2024 at 0.00251572
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.00254816
The short-term trend has been UP since Apr 24th, 2024 at 0.00255608
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00258074 | 0.00258074 | 0.00258074 | 0.00258074 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00258074 | 2024-04-24 21:01:01 |