Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
US Dollar/Afghan Afghani (FOREX:USDAFN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDAFN
The long term trend has been DOWN since Feb 11th, 2019 at 74.9500
The intermediate term trend has been UP since Mar 17th, 2019 at 75.7345
The short term trend has been DOWN since Mar 20th, 2019 at 75.4250
Smart Scan Analysis for USDAFN
Based on a pre-defined weighted trend formula for chart analysis, USDAFN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).