Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
British Pound/Afghan Afghani (FOREX:GBPAFN)
Countertrend Down (-85) - GBPAFN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPAFN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAFN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPAFN
The long-term trend has been DOWN since Aug 16th, 2023 at 107.46095
The intermediate-term trend has been DOWN since Jul 28th, 2023 at 110.02167
The short-term trend has been UP since Sep 11th, 2023 at 97.49242
Smart Scan Analysis for GBPAFN
Based on our trend formula, GBPAFN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).