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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AMDGBP
The long-term trend has been DOWN since Jul 2nd, 2020 at 0.00166616
The intermediate-term trend has been DOWN since Oct 6th, 2020 at 0.00159399
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).