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Forex Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

US Dollar/Armenian Dram (FOREX:USDAMD)

Long-Term Downtrend (-90) - USDAMD is in a strong downtrend that is likely to continue. While USDAMD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
420.49262 420.49262 420.49262 420.49262 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDAMD

long term down The long-term trend has been DOWN since Apr 12th, 2022 at 477.8193

intermediate term down The intermediate-term trend has been DOWN since Mar 31st, 2022 at 488.1796

short term down The short-term trend has been DOWN since Jun 2nd, 2022 at 450.7100

Smart Scan Analysis for USDAMD

Based on our trend formula, USDAMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
420.49262 420.49262 420.49262 420.49262 0.00000
Prev. Close Volume Bid Ask Time
420.49262 2022-06-24 07:16:26
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