Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
US Dollar/Guinea Franc (FOREX:USDGNF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDGNF
The long term trend has been DOWN since May 30th, 2018 at 9000.00
The intermediate term trend has been DOWN since Aug 15th, 2018 at 8963.55
The short term trend has been DOWN since Aug 13th, 2018 at 9026.90
Smart Scan Analysis for USDGNF
Based on a pre-defined weighted trend formula for chart analysis, USDGNF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).