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.
MarketClub’s Trade Triangles for AMDUSD
The long-term trend has been UP since Apr 12th, 2021 at 0.00187105
The intermediate-term trend has been UP since Sep 15th, 2021 at 0.00204281
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).