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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.

FOREX_USDAMD
Open High Low USDAMD Price Change
401.2503 401.2503 401.2503 401.2503 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDAMD

long term up The long-term trend has been UP since Nov 25th, 2024 at 389.01882

intermediate term up The intermediate-term trend has been UP since Jan 23rd, 2025 at 400.22942

short term up 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).

+70
Smart Scan Analysis for USDAMD
Strong Downtrend Sideways 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
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