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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

US Dollar/Armenian Dram (FOREX:USDAMD)

Crossroads (+60) - USDAMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
388.10413 388.52000 388.10413 388.52000 +0.41587
Entry Signal

MarketClub’s Trade Triangles for USDAMD

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 399.39797

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2024 at 388.38532

short term up The short-term trend has been UP since Jun 13th, 2024 at 387.62110

Smart Scan Analysis for USDAMD

Based on our trend formula, USDAMD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
388.10413 388.52000 388.10413 388.52000 +0.41587
Prev. Close Volume Bid Ask Time
388.10413 388.52000 388.52000 2024-06-21 09:47:00
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