Forex Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
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.
MarketClub’s Trade Triangles for USDAMD
The long-term trend has been UP since Dec 9th, 2019 at 478.585
The intermediate-term trend has been DOWN since Apr 13th, 2021 at 527.760
The short-term trend has been DOWN since Apr 12th, 2021 at 532.140
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).