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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Euro/Guinea Franc (FOREX:EURGNF)

Weak Downtrend (-65) - EURGNF is showing signs of a strengthening downtrend. Monitor EURGNF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid EURGNF?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURGNF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURGNF
Open High Low EURGNF Price Change
8844.8 8844.8 8844.8 8844.8 0.0
Entry Signal

MarketClub’s Trade Triangles for EURGNF

long term down The long-term trend has been DOWN since Mar 31st, 2021 at 11782.8

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 8725.5

short term down The short-term trend has been DOWN since Jun 7th, 2022 at 9469.3

Smart Scan Analysis for EURGNF

Based on our trend formula, EURGNF is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for EURGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8844.8 8844.8 8844.8 8844.8 0.0
Prev. Close Volume Bid Ask Time
8844.8 2022-08-10 07:20:29
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