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Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
British Pound/Armenian Dram (FOREX:GBPAMD)
Crossroads (-60) - GBPAMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 18th, 2022 at 643.30636
The intermediate-term trend has been UP since Jul 27th, 2022 at 490.60349
The short-term trend has been UP since Jul 27th, 2022 at 489.93700
Smart Scan Analysis for GBPAMD
Based on our trend formula, GBPAMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 493.31594 | 493.31594 | 493.31594 | 493.31594 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 490.87748 | 2022-08-06 07:52:52 |