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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Afghan Afghani (FOREX:USDAFN)
Long-Term Downtrend (-90) - USDAFN is in a strong downtrend that is likely to continue. While USDAFN 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 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.
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MarketClub’s Trade Triangles for USDAFN
The long-term trend has been DOWN since May 17th, 2024 at 70.84240
The intermediate-term trend has been DOWN since Mar 6th, 2024 at 72.17283
The short-term trend has been DOWN since Jul 18th, 2024 at 70.80935
Smart Scan Analysis for USDAFN
Based on our trend formula, USDAFN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 70.7434 | 70.7434 | 70.7434 | 70.7434 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 70.7434 | 2024-07-26 07:26:03 |