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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.

FOREX_GBPAMD
Open High Low GBPAMD Price Change
493.31594 493.31594 493.31594 493.31594 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPAMD

long term down The long-term trend has been DOWN since Mar 18th, 2022 at 643.30636

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 490.60349

short term up 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).

-60
Smart Scan Analysis for GBPAMD
Strong Downtrend Sideways 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
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