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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Euro/Guinea Franc (FOREX:EURGNF)
Bear Market Rally (-75) - EURGNF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURGNF as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for EURGNF
The long-term trend has been DOWN since Apr 22nd, 2024 at 9204
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 9371
The short-term trend has been UP since Apr 28th, 2024 at 9221
Smart Scan Analysis for EURGNF
Based on our trend formula, EURGNF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9169 | 9169 | 9169 | 9169 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9232 | 2024-05-01 07:23:59 |