Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
US Dollar/Armenian Dram (FOREX:USDAMD)
Countertrend Up (+85) - USDAMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 9th, 2020 at 486.370
The short-term trend has been UP since Sep 4th, 2020 at 485.320
Smart Scan Analysis for USDAMD
Based on our trend formula, USDAMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).