Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
British Pound/Armenian Dram (FOREX:GBPAMD)
Bull Market Weakness (+75) - GBPAMD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPAMD as it may be in the beginning stages 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 UP since Jul 2nd, 2020 at 602.01888
The intermediate-term trend has been UP since Oct 6th, 2020 at 629.07781
The short-term trend has been UP since Oct 21st, 2020 at 636.19136
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).