Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
Armenian Dram/British Pound (FOREX:AMDGBP)
Sidelines Mode (+55) - AMDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jun 23rd, 2021 at 0.00139475
The intermediate-term trend has been UP since Dec 30th, 2021 at 0.00154253
The short-term trend has been DOWN since Jan 12th, 2022 at 0.00154287
Smart Scan Analysis for AMDGBP
Based on our trend formula, AMDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).