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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Euro/Guinea Franc (FOREX:EURGNF)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

FOREX_EURGNF
Open High Low EURGNF Price Change
10585.1 10585.1 10585.1 10585.1 0.0
Entry Signal

MarketClub’s Trade Triangles for EURGNF

long term up The long term trend has been UP since Nov 13th, 2019 at 10317.7

intermediate term up The intermediate term trend has been UP since Nov 13th, 2019 at 10317.7

short term down The short term trend has been DOWN since Jan 8th, 2020 at 10681.5

Smart Scan Analysis for EURGNF

Based on a pre-defined weighted trend formula for chart analysis, EURGNF scored +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
10585.1 10585.1 10585.1 10585.1 0.0
Prev. Close Volume Bid Ask Time
10599.5 10495.1 10675.1 2020-01-09 20:04:19
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