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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.

FOREX_USDAMD
Open High Low USDAMD Price Change
522.31860 523.89297 522.31860 523.89297 +1.57437
Entry Signal

MarketClub’s Trade Triangles for USDAMD

long term up The long-term trend has been UP since Dec 9th, 2019 at 478.585

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2021 at 527.760

short term down 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).

-60
Smart Scan Analysis for USDAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
522.31860 523.89297 522.31860 523.89297 +1.57437
Prev. Close Volume Bid Ask Time
522.31860 2021-05-11 23:49:14
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