Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
/CFA Franc BCEAO (FOREX:GHSXOF)
Long-Term Downtrend (-90) - GHSXOF is in a strong downtrend that is likely to continue. While GHSXOF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GHSXOF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GHSXOF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GHSXOF
The long-term trend has been DOWN since May 4th, 2020 at 103.65126
The intermediate-term trend has been DOWN since Apr 29th, 2020 at 104.34209
The short-term trend has been DOWN since May 13th, 2020 at 104.83403
Smart Scan Analysis for GHSXOF
Based on our trend formula, GHSXOF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).