Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
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.
MarketClub’s Trade Triangles for EURAFN
The long-term trend has been DOWN since Feb 14th, 2022 at 104.69
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 94.03
The short-term trend has been DOWN since Jun 8th, 2022 at 95.46
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).