Free Daily Analysis

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.

FOREX_GBPAMD
Open High Low GBPAMD Price Change
744.9431 744.9431 744.9431 744.9431 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPAMD

long term up The long-term trend has been UP since Jul 2nd, 2020 at 602.01888

intermediate term up The intermediate-term trend has been UP since Feb 8th, 2021 at 714.17840

short term up 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).

+80
Smart Scan Analysis for GBPAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
744.9431 744.9431 744.9431 744.9431 0.0000
Prev. Close Volume Bid Ask Time
744.9431 2021-02-24 07:23:14
Get a free daily analysis and signals for British Pound/Armenian Dram (GBPAMD) - Request Your Free Report.