Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
British Pound/Armenian Dram (FOREX:GBPAMD)
Strong Downtrend (-100) - GBPAMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPAMD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPAMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPAMD
The long-term trend has been DOWN since Mar 2nd, 2023 at 469.26157
The intermediate-term trend has been DOWN since Apr 24th, 2023 at 483.65250
The short-term trend has been DOWN since May 18th, 2023 at 486.69402
Smart Scan Analysis for GBPAMD
Based on our trend formula, GBPAMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).