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.
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 UP since Nov 13th, 2019 at 10317.7
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).