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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

US Dollar/Afghan Afghani (FOREX:USDAFN)

Strong Downtrend (-100) - USDAFN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDAFN continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDAFN?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDAFN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDAFN
Open High Low USDAFN Price Change
69.55376 69.55376 69.55376 69.55376 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDAFN

long term down The long-term trend has been DOWN since Jul 5th, 2023 at 85.10658

intermediate term down The intermediate-term trend has been DOWN since Aug 6th, 2023 at 85.13569

short term down The short-term trend has been DOWN since Nov 9th, 2023 at 74.00000

Smart Scan Analysis for USDAFN

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

-100
Smart Scan Analysis for USDAFN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
69.55376 69.55376 69.55376 69.55376 0.00000
Prev. Close Volume Bid Ask Time
69.55376 2023-12-06 07:29:32
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