Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
US Dollar/Armenian Dram (FOREX:USDAMD)
Long-Term Downtrend (-90) - USDAMD is in a strong downtrend that is likely to continue. While USDAMD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jun 2nd, 2021 at 519.34
The intermediate-term trend has been DOWN since Sep 15th, 2021 at 490.56
The short-term trend has been DOWN since Sep 13th, 2021 at 492.85
Smart Scan Analysis for USDAMD
Based on our trend formula, USDAMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).