Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Euro/Guinea Franc (FOREX:EURGNF)
Strong Downtrend (-100) - EURGNF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURGNF continues to fall. Traders should use caution and set stops.
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 Sep 10th, 2023 at 9192
The intermediate-term trend has been DOWN since Dec 11th, 2023 at 9268
The short-term trend has been DOWN since Dec 8th, 2023 at 9365
Smart Scan Analysis for EURGNF
Based on our trend formula, EURGNF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).