Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
British Pound/Armenian Dram (FOREX:GBPAMD)
Countertrend Up (+85) - GBPAMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 2nd, 2020 at 602.01888
The intermediate-term trend has been UP since Feb 8th, 2021 at 714.17840
The short-term trend has been UP since Feb 4th, 2021 at 711.84250
Smart Scan Analysis for GBPAMD
Based on our trend formula, GBPAMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).