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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Armenian Dram (FOREX:GBPAMD)
Strong Downtrend (-100) - GBPAMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPAMD continues to fall. Traders should use caution and set stops.
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 Nov 18th, 2024 at 491.90030
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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 490.27065 | 490.27065 | 490.27065 | 490.27065 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 490.27065 | 2024-11-18 07:25:24 |