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Forex Trend Analysis Report
Prepared for you on Tuesday, October 15, 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.
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MarketClub’s Trade Triangles for GBPAMD
The long-term trend has been UP since Jul 5th, 2024 at 496.79040
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 507.95905
The short-term trend has been DOWN since Oct 3rd, 2024 at 510.98274
Smart Scan Analysis for GBPAMD
Based on our trend formula, GBPAMD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 505.99058 | 505.99058 | 505.99058 | 505.99058 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 504.92743 | 2024-10-09 07:25:19 |