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.
MarketClub’s Trade Triangles for USDAFN
The long-term trend has been DOWN since Jul 5th, 2023 at 85.10658
The intermediate-term trend has been DOWN since Aug 6th, 2023 at 85.13569
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).