Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

US Dollar/Guinea Franc (FOREX:USDGNF)

Sidelines Mode (+50) - USDGNF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDGNF can gain momentum.

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
8595 8595 8595 8595 0
Entry Signal

MarketClub’s Trade Triangles for USDGNF

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 8550.319

intermediate term up The intermediate-term trend has been UP since Jun 6th, 2024 at 8604.131

short term up The short-term trend has been UP since Jun 19th, 2024 at 8606.969

Smart Scan Analysis for USDGNF

Based on our trend formula, USDGNF is rated as a +50 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
8595 8595 8595 8595 0
Prev. Close Volume Bid Ask Time
8595 2024-06-24 13:51:05
Get a free daily analysis and signals for US Dollar/Guinea Franc (USDGNF) - Request Your Free Report.