Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Euro/Afghan Afghani (FOREX:EURAFN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURAFN
The long term trend has been UP since Dec 15th, 2019 at 87.28
The intermediate term trend has been DOWN since Jan 3rd, 2020 at 86.92
The short term trend has been DOWN since Jan 2nd, 2020 at 87.41
Smart Scan Analysis for EURAFN
Based on a pre-defined weighted trend formula for chart analysis, EURAFN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).