Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
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.
MarketClub’s Trade Triangles for EURGNF
The long-term trend has been UP since Nov 13th, 2019 at 10317.7
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 10585.1
The short-term trend has been DOWN since Feb 10th, 2020 at 10514.6
Smart Scan Analysis for EURGNF
Based on our trend formula, EURGNF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).