Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2024.
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.
|
MarketClub’s Trade Triangles for USDAMD
The long-term trend has been UP since Oct 5th, 2023 at 389.86684
The intermediate-term trend has been DOWN since Mar 1st, 2024 at 404.03000
The short-term trend has been DOWN since Mar 15th, 2024 at 403.08207
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).
Open | High | Low | Price | Change |
---|---|---|---|---|
401.96000 | 403.59631 | 401.96000 | 403.59631 | +1.63631 |
Prev. Close | Volume | Bid | Ask | Time |
401.96000 | 2024-03-18 15:33:28 |