Forex Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
Armenian Dram/US Dollar (FOREX:AMDUSD)
Bull Market Weakness (+75) - AMDUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AMDUSD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for AMDUSD
The long-term trend has been UP since Apr 19th, 2022 at 0.00209924
The intermediate-term trend has been UP since Jun 2nd, 2022 at 0.00222403
The short-term trend has been UP since Jun 2nd, 2022 at 0.00220941
Smart Scan Analysis for AMDUSD
Based on our trend formula, AMDUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).