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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

British Pound/Armenian Dram (FOREX:GBPAMD)

Bear Market Rally (-75) - GBPAMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPAMD as it may be in the beginning 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.

FOREX_GBPAMD
Open High Low GBPAMD Price Change
659.88628 659.88628 659.88628 659.88628 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPAMD

long term down The long-term trend has been DOWN since Jun 23rd, 2021 at 718.63140

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 677.60990

short term up The short-term trend has been UP since Oct 26th, 2021 at 658.66305

Smart Scan Analysis for GBPAMD

Based on our trend formula, GBPAMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
659.88628 659.88628 659.88628 659.88628 0.00000
Prev. Close Volume Bid Ask Time
659.88628 2021-10-26 07:16:42
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