Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Guinea Franc/US Dollar (FOREX:GNFUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GNFUSD
The long term trend has been DOWN since Nov 13th, 2019 at 0.00010759
The intermediate term trend has been UP since Dec 16th, 2019 at 0.00010512
The short term trend has been UP since Jan 28th, 2020 at 0.00010488
Smart Scan Analysis for GNFUSD
Based on a pre-defined weighted trend formula for chart analysis, GNFUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).