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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Armenian Dram/US Dollar (FOREX:AMDUSD)

Bull Market Weakness (+75) - AMDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AMDUSD as it may be in the beginning stages 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.

FOREX_AMDUSD
Open High Low AMDUSD Price Change
0.00210137 0.00210137 0.00210137 0.00210137 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AMDUSD

long term up The long-term trend has been UP since Apr 12th, 2021 at 0.00187105

intermediate term up The intermediate-term trend has been UP since Sep 15th, 2021 at 0.00204281

short term up The short-term trend has been UP since Sep 13th, 2021 at 0.00203389

Smart Scan Analysis for AMDUSD

Based on our trend formula, AMDUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for AMDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00210137 0.00210137 0.00210137 0.00210137 0.00000000
Prev. Close Volume Bid Ask Time
0.00210236 2021-10-26 07:16:42
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