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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Armenian Dram/US Dollar (FOREX:AMDUSD)

Countertrend Down (-85) - AMDUSD 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 AMDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for AMDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AMDUSD
Open High Low AMDUSD Price Change
0.00249799 0.00249799 0.00249799 0.00249799 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AMDUSD

long term down The long-term trend has been DOWN since Oct 5th, 2023 at 0.00257705

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 0.00249195

short term up The short-term trend has been UP since Dec 6th, 2023 at 0.00249346

Smart Scan Analysis for AMDUSD

Based on our trend formula, AMDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AMDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00249799 0.00249799 0.00249799 0.00249799 0.00000000
Prev. Close Volume Bid Ask Time
0.00249066 2023-12-06 07:29:28
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