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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.
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MarketClub’s Trade Triangles for USDAMD
The long-term trend has been DOWN since Apr 12th, 2022 at 477.8193
The intermediate-term trend has been DOWN since Mar 31st, 2022 at 488.1796
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).
| 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 |