Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
US Dollar/Armenian Dram (FOREX:USDAMD)
Countertrend Up (+85) - USDAMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDAMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDAMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDAMD
The long-term trend has been UP since Sep 30th, 2023 at 389.86684
The intermediate-term trend has been UP since Sep 26th, 2023 at 386.20051
The short-term trend has been UP since Sep 26th, 2023 at 386.10000
Smart Scan Analysis for USDAMD
Based on our trend formula, USDAMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).