Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
/CFA Franc BCEAO (FOREX:GHSXOF)
Strong Downtrend (-100) - GHSXOF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GHSXOF continues to fall. 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 Jan 13th, 2022 at 92.51209
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 79.49067
The short-term trend has been DOWN since Aug 1st, 2022 at 79.49067
Smart Scan Analysis for GHSXOF
Based on our trend formula, GHSXOF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).