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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

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.

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FOREX_USDAFN
Open High Low USDAFN Price Change
70.79547 70.79547 70.79547 70.79547 0.00000
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 down The short-term trend has been DOWN since Jun 19th, 2024 at 70.62992

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
70.79547 70.79547 70.79547 70.79547 0.00000
Prev. Close Volume Bid Ask Time
70.79547 2024-06-20 07:25:59
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