Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/Guinea Franc (FOREX:EURGNF)
Crossroads (-60) - EURGNF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 23rd, 2020 at 10287.2
The intermediate-term trend has been UP since May 21st, 2020 at 10443.5
The short-term trend has been UP since May 21st, 2020 at 10285.5
Smart Scan Analysis for EURGNF
Based on our trend formula, EURGNF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).