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.
MarketClub’s Trade Triangles for AMDUSD
The long-term trend has been DOWN since Oct 5th, 2023 at 0.00257705
The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 0.00249195
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).