Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
British Pound/Afghan Afghani (FOREX:GBPAFN)
Strong Downtrend (-100) - GBPAFN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPAFN continues to fall. Traders should use caution 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 Mar 3rd, 2022 at 124.40563
The intermediate-term trend has been DOWN since Aug 17th, 2022 at 107.51943
The short-term trend has been DOWN since Aug 17th, 2022 at 109.15000
Smart Scan Analysis for GBPAFN
Based on our trend formula, GBPAFN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).