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Forex Trend Analysis Report

Prepared for you on Friday, October 30, 2020.

Armenian Dram/British Pound (FOREX:AMDGBP)

Long-Term Downtrend (-90) - AMDGBP is in a strong downtrend that is likely to continue. While AMDGBP 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 AMDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for AMDGBP.

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FOREX_AMDGBP
Open High Low AMDGBP Price Change
0.00156944 0.00156944 0.00156944 0.00156944 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AMDGBP

long term down The long-term trend has been DOWN since Jul 2nd, 2020 at 0.00166616

intermediate term down The intermediate-term trend has been DOWN since Oct 6th, 2020 at 0.00159399

short term down The short-term trend has been DOWN since Oct 21st, 2020 at 0.00157613

Smart Scan Analysis for AMDGBP

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

-90
Smart Scan Analysis for AMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00156944 0.00156944 0.00156944 0.00156944 0.00000000
Prev. Close Volume Bid Ask Time
0.00156944 2020-10-29 18:57:01
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