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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.
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MarketClub’s Trade Triangles for USDGNF
The long-term trend has been DOWN since Apr 1st, 2021 at 10000.000
The intermediate-term trend has been DOWN since Aug 16th, 2022 at 8640.116
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).
| 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 |