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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.

FOREX_GBPAMD
Open High Low GBPAMD Price Change
646.27712 646.27712 646.27712 646.27712 0.00000
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 Oct 6th, 2020 at 629.07781

short term up 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).

+70
Smart Scan Analysis for GBPAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
646.27712 646.27712 646.27712 646.27712 0.00000
Prev. Close Volume Bid Ask Time
645.25087 2020-10-23 07:27:16
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