Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Euro/Afghan Afghani (FOREX:EURAFN)
Countertrend Up (+85) - EURAFN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURAFN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURAFN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURAFN
The long-term trend has been UP since Jun 1st, 2021 at 95.34
The intermediate-term trend has been UP since Oct 4th, 2021 at 102.99
The short-term trend has been UP since Oct 23rd, 2021 at 104.48
Smart Scan Analysis for EURAFN
Based on our trend formula, EURAFN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).