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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

US Dollar/Guinea Franc (FOREX:USDGNF)

Long-Term Downtrend (-90) - USDGNF is in a strong downtrend that is likely to continue. While USDGNF 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 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.

FOREX_USDGNF
Open High Low USDGNF Price Change
8631.782 8752.500 8631.782 8750.000 +118.218
Entry Signal

MarketClub’s Trade Triangles for USDGNF

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 10000.000

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2022 at 8640.116

short term down The short-term trend has been DOWN since Aug 16th, 2022 at 8640.116

Smart Scan Analysis for USDGNF

Based on our trend formula, USDGNF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8631.782 8752.500 8631.782 8750.000 +118.218
Prev. Close Volume Bid Ask Time
8631.782 2022-08-19 13:25:43
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