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Forex Trend Analysis Report

Prepared for you on Wednesday, November 6, 2024.

British Pound/Armenian Dram (FOREX:GBPAMD)

Crossroads (-60) - GBPAMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
499.98217 499.98217 499.98217 499.98217 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPAMD

long term up The long-term trend has been UP since Jul 5th, 2024 at 496.79040

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2024 at 507.95905

short term down The short-term trend has been DOWN since Oct 3rd, 2024 at 510.98274

Smart Scan Analysis for GBPAMD

Based on our trend formula, GBPAMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPAMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
499.98217 499.98217 499.98217 499.98217 0.00000
Prev. Close Volume Bid Ask Time
501.45752 2024-11-02 14:12:22
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