Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/Guinea Franc (FOREX:EURGNF)
Strong Downtrend (-100) - EURGNF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for EURGNF
The long-term trend has been DOWN since Mar 31st, 2021 at 11782.8
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 11502.8
The short-term trend has been DOWN since Sep 10th, 2021 at 11575.1
Smart Scan Analysis for EURGNF
Based on our trend formula, EURGNF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).