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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Armenian Dram (FOREX:USDAMD)
Sidelines Mode (+50) - USDAMD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDAMD can gain momentum.
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.
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MarketClub’s Trade Triangles for USDAMD
The long-term trend has been DOWN since Mar 21st, 2024 at 399.39797
The intermediate-term trend has been UP since Nov 18th, 2024 at 387.64000
The short-term trend has been UP since Nov 18th, 2024 at 387.64000
Smart Scan Analysis for USDAMD
Based on our trend formula, USDAMD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 388.46285 | 388.89000 | 388.46285 | 388.89000 | +0.42715 |
| Prev. Close | Volume | Bid | Ask | Time |
| 388.46285 | 388.89000 | 388.89000 | 2024-11-18 07:38:07 |