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Forex Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

US Dollar/Armenian Dram (FOREX:USDAMD)

Countertrend Down (-85) - USDAMD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_USDAMD
Open High Low USDAMD Price Change
406.39256 406.39256 405.78000 405.78000 -0.61256
Entry Signal

MarketClub’s Trade Triangles for USDAMD

long term down The long-term trend has been DOWN since Apr 12th, 2022 at 477.8193

intermediate term down The intermediate-term trend has been DOWN since Mar 31st, 2022 at 488.1796

short term up The short-term trend has been UP since Aug 10th, 2022 at 406.2800

Smart Scan Analysis for USDAMD

Based on our trend formula, USDAMD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
406.39256 406.39256 405.78000 405.78000 -0.61256
Prev. Close Volume Bid Ask Time
406.39256 405.78000 405.78000 2022-08-10 08:24:08
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