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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

US Dollar/Guinea Franc (FOREX:USDGNF)

Sidelines Mode (+55) - USDGNF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDGNF?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDGNF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low USDGNF Price Change
8650 8655 8650 8655 +5
Entry Signal

MarketClub’s Trade Triangles for USDGNF

long term down The long-term trend has been DOWN since Apr 25th, 2023 at 8526.596

intermediate term up The intermediate-term trend has been UP since Sep 12th, 2023 at 8652.500

short term down The short-term trend has been DOWN since Sep 22nd, 2023 at 8587.036

Smart Scan Analysis for USDGNF

Based on our trend formula, USDGNF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for USDGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8650 8655 8650 8655 +5
Prev. Close Volume Bid Ask Time
8650 2023-10-02 14:12:54
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