Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Armenian Dram (FOREX:GBPAMD)
Bear Market Rally (-75) - GBPAMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPAMD as it may be in the beginning of a reversal.
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 Jun 23rd, 2021 at 718.63140
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 677.60990
The short-term trend has been UP since Oct 26th, 2021 at 658.66305
Smart Scan Analysis for GBPAMD
Based on our trend formula, GBPAMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).