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Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

Afghan Afghani/British Pound (FOREX:AFNGBP)

Long-Term Downtrend (-90) - AFNGBP is in a strong downtrend that is likely to continue. While AFNGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid AFNGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for AFNGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AFNGBP
Open High Low AFNGBP Price Change
0.01001946 0.01002911 0.01001946 0.01002911 +0.00001000
Entry Signal

MarketClub’s Trade Triangles for AFNGBP

long term down The long-term trend has been DOWN since Jun 10th, 2020 at 0.01003695

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.01035554

short term down The short-term trend has been DOWN since Jul 2nd, 2020 at 0.01039702

Smart Scan Analysis for AFNGBP

Based on our trend formula, AFNGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AFNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01001946 0.01002911 0.01001946 0.01002911 +0.00001000
Prev. Close Volume Bid Ask Time
0.01001946 0.00991795 0.01014027 2020-07-29 07:31:53
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