Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Guinea Franc/US Dollar (FOREX:GNFUSD)
Bear Market Rally (-75) - GNFUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GNFUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GNFUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GNFUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GNFUSD
The long-term trend has been DOWN since Jun 17th, 2020 at 0.00010421
The intermediate-term trend has been DOWN since Nov 18th, 2020 at 0.00010166
The short-term trend has been UP since Nov 25th, 2020 at 0.00010186
Smart Scan Analysis for GNFUSD
Based on our trend formula, GNFUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).