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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

US Dollar/Afghan Afghani (FOREX:USDAFN)

Countertrend Down (-85) - USDAFN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
70.78273 70.78273 70.00000 70.00000 -0.78273
Entry Signal

MarketClub’s Trade Triangles for USDAFN

long term down The long-term trend has been DOWN since May 17th, 2024 at 70.84240

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 72.17283

short term up The short-term trend has been UP since Jun 9th, 2024 at 71.00000

Smart Scan Analysis for USDAFN

Based on our trend formula, USDAFN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDAFN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.78273 70.78273 70.00000 70.00000 -0.78273
Prev. Close Volume Bid Ask Time
70.78273 2024-06-14 11:54:19
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