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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
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.
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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 UP since Nov 27th, 2024 at 490.27065
The short-term trend has been DOWN since Dec 10th, 2024 at 510.35565
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 493.8747 | 493.8747 | 493.8747 | 493.8747 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 493.8747 | 2024-12-21 08:23:54 |