Forex Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
British Pound/ (FOREX:GBPAMD)
Strong Uptrend (+100) - GBPAMD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPAMD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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.
MarketClub’s Trade Triangles for GBPAMD
The long-term trend has been UP since Jul 2nd, 2020 at 602.01888
The intermediate-term trend has been UP since Jul 2nd, 2020 at 602.01888
The short-term trend has been UP since Jul 22nd, 2020 at 611.42488
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).