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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

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
0.01098714 0.01098714 0.01098714 0.01098714 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AFNGBP

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.01072866

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.01105369

short term down The short-term trend has been DOWN since May 13th, 2024 at 0.01103862

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
0.01098714 0.01098714 0.01098714 0.01098714 0.00000000
Prev. Close Volume Bid Ask Time
0.01100336 2024-05-16 21:01:29
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