Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Euro/Afghan Afghani (FOREX:EURAFN)
Strong Downtrend (-100) - EURAFN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURAFN continues to fall. Traders should use caution and set stops.
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 DOWN since Aug 16th, 2023 at 92.18
The intermediate-term trend has been DOWN since Aug 4th, 2023 at 93.96
The short-term trend has been DOWN since Nov 16th, 2023 at 78.49
Smart Scan Analysis for EURAFN
Based on our trend formula, EURAFN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).