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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
US Dollar/Armenian Dram (FOREX:USDAMD)
Countertrend Up (+85) - USDAMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 25th, 2024 at 389.01882
The intermediate-term trend has been UP since Nov 18th, 2024 at 387.64000
The short-term trend has been UP since Dec 20th, 2024 at 394.59000
Smart Scan Analysis for USDAMD
Based on our trend formula, USDAMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 393.34835 | 393.34835 | 393.34835 | 393.34835 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 399.17399 | 2024-12-21 08:23:54 |