Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Euro/Guinea Franc (FOREX:EURGNF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 EURGNF
The long term trend has been DOWN since Apr 24th, 2018 at 11075.3
The intermediate term trend has been DOWN since Aug 5th, 2018 at 10496.1
The short term trend has been UP since Aug 20th, 2018 at 10310.6
Smart Scan Analysis for EURGNF
Based on a pre-defined weighted trend formula for chart analysis, EURGNF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).