Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
British Pound/Afghan Afghani (FOREX:GBPAFN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPAFN
The long term trend has been UP since Feb 28th, 2019 at 99.445
The intermediate term trend has been UP since May 7th, 2019 at 101.565
The short term trend has been UP since May 7th, 2019 at 100.332
Smart Scan Analysis for GBPAFN
Based on a pre-defined weighted trend formula for chart analysis, GBPAFN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).