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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

British Pound/Armenian Dram (FOREX:GBPAMD)

Weak Downtrend (-65) - GBPAMD is showing signs of a strengthening downtrend. Monitor GBPAMD as it may be building momentum to the downside.

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.

FOREX_GBPAMD
Open High Low GBPAMD Price Change
493.8747 493.8747 493.8747 493.8747 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPAMD

long term down The long-term trend has been DOWN since Nov 18th, 2024 at 491.90030

intermediate term up The intermediate-term trend has been UP since Nov 27th, 2024 at 490.27065

short term down The short-term trend has been DOWN since Dec 10th, 2024 at 510.35565

Smart Scan Analysis for GBPAMD

Based on our trend formula, GBPAMD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
493.8747 493.8747 493.8747 493.8747 0.0000
Prev. Close Volume Bid Ask Time
509.3449 2024-12-21 08:23:54
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