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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

British Pound/Armenian Dram (FOREX:GBPAMD)

Sidelines Mode (+50) - GBPAMD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPAMD can gain momentum.

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
650.96820 650.96820 648.76023 648.76023 -2.20797
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 up The intermediate-term trend has been UP since Dec 1st, 2021 at 644.99353

short term up The short-term trend has been UP since Dec 4th, 2021 at 648.11145

Smart Scan Analysis for GBPAMD

Based on our trend formula, GBPAMD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
650.96820 650.96820 648.76023 648.76023 -2.20797
Prev. Close Volume Bid Ask Time
652.06787 2021-12-04 05:18:40
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