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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Euro/Afghan Afghani (FOREX:EURAFN)

Long-Term Downtrend (-90) - EURAFN is in a strong downtrend that is likely to continue. While EURAFN 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 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.

FOREX_EURAFN
Open High Low EURAFN Price Change
75.74 75.74 75.74 75.74 0.00
Entry Signal

MarketClub’s Trade Triangles for EURAFN

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 76.51

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 77.69

short term down The short-term trend has been DOWN since May 30th, 2024 at 77.86

Smart Scan Analysis for EURAFN

Based on our trend formula, EURAFN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURAFN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
75.74 75.74 75.74 75.74 0.00
Prev. Close Volume Bid Ask Time
76.11 2024-06-16 19:01:50
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