Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
US Dollar/Afghan Afghani (FOREX:USDAFN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 UP since Apr 7th, 2019 at 76.4565
The intermediate term trend has been DOWN since Jul 11th, 2019 at 80.3405
The short term trend has been DOWN since Sep 16th, 2019 at 78.3635
Smart Scan Analysis for USDAFN
Based on a pre-defined weighted trend formula for chart analysis, USDAFN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).