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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
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.
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MarketClub’s Trade Triangles for GBPAMD
The long-term trend has been DOWN since Mar 28th, 2024 at 504.86360
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 512.00280
The short-term trend has been DOWN since Apr 21st, 2024 at 491.47706
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 487.53282 | 487.53282 | 487.53282 | 487.53282 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 484.62720 | 2024-04-21 15:40:04 |