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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.
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MarketClub’s Trade Triangles for USDAMD
The long-term trend has been DOWN since Apr 12th, 2022 at 477.8193
The intermediate-term trend has been DOWN since Mar 31st, 2022 at 488.1796
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).
| 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 |