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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

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.

FOREX_USDAMD
Open High Low USDAMD Price Change
511.69 511.69 511.69 511.69 0.00
Entry Signal

MarketClub’s Trade Triangles for USDAMD

long term up The long-term trend has been UP since Dec 9th, 2019 at 478.585

intermediate term up The intermediate-term trend has been UP since Oct 9th, 2020 at 486.370

short term up The short-term trend has been UP since Sep 4th, 2020 at 485.320

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).

+80
Smart Scan Analysis for USDAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
511.69 511.69 511.69 511.69 0.00
Prev. Close Volume Bid Ask Time
511.69 511.69 511.69 2020-11-25 07:05:41
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