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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
US Dollar/Armenian Dram (FOREX:USDAMD)
Bear Market Rally (-75) - USDAMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDAMD as it may be in the beginning of a reversal.
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 Mar 21st, 2024 at 399.39797
The intermediate-term trend has been UP since Apr 14th, 2024 at 394.40145
The short-term trend has been DOWN since Apr 21st, 2024 at 394.64682
Smart Scan Analysis for USDAMD
Based on our trend formula, USDAMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 389.5024 | 389.5024 | 389.5024 | 389.5024 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 390.0597 | 2024-04-24 21:01:01 |