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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
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.
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MarketClub’s Trade Triangles for USDGNF
The long-term trend has been UP since Mar 12th, 2024 at 8645.0
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 8570.6
The short-term trend has been UP since Apr 22nd, 2024 at 8745.0
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8593.212 | 8597.500 | 8593.212 | 8597.500 | +4.288 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8593.212 | 2024-05-01 13:01:21 |