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Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2025.
US Dollar/Armenian Dram (FOREX:USDAMD)
Bull Market Weakness (+75) - USDAMD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDAMD as it may be in the beginning stages of a reversal.
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 UP since Nov 25th, 2024 at 389.01882
The intermediate-term trend has been UP since Jan 23rd, 2025 at 400.22942
The short-term trend has been UP since Dec 20th, 2024 at 394.59000
Smart Scan Analysis for USDAMD
Based on our trend formula, USDAMD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 401.2503 | 401.2503 | 401.2503 | 401.2503 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 401.2503 | 2025-01-23 07:25:20 |