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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.

FOREX_GHSXOF
Open High Low GHSXOF Price Change
102.92589 102.92589 102.92589 102.92589 0.00000
Entry Signal

MarketClub’s Trade Triangles for GHSXOF

long term down The long-term trend has been DOWN since May 4th, 2020 at 103.65126

intermediate term down The intermediate-term trend has been DOWN since Apr 29th, 2020 at 104.34209

short term down 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).

-90
Smart Scan Analysis for GHSXOF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
102.92589 102.92589 102.92589 102.92589 0.00000
Prev. Close Volume Bid Ask Time
103.07631 102.92589 102.92589 2020-05-28 21:09:25
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