Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Armenian Dram/British Pound (FOREX:AMDGBP)
Long-Term Uptrend (+90) - AMDGBP is in a strong uptrend that is likely to continue. While AMDGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Sep 21st, 2021 at 0.00147974
The short-term trend has been UP since Sep 13th, 2021 at 0.00147163
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).