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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Guinea Franc (FOREX:USDGNF)
Bull Market Weakness (+75) - USDGNF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDGNF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDGNF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGNF.
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 USDGNF
The long-term trend has been UP since Mar 12th, 2024 at 8645
The intermediate-term trend has been UP since May 6th, 2024 at 8751
The short-term trend has been UP since May 6th, 2024 at 8600
Smart Scan Analysis for USDGNF
Based on our trend formula, USDGNF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8595.0 | 8597.5 | 8595.0 | 8597.5 | +2.5 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8595.0 | 2024-05-08 14:00:27 |