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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Guinea Franc (FOREX:USDGNF)
Strong Downtrend (-100) - USDGNF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDGNF continues to fall. 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 Jun 3rd, 2024 at 8550.319
The intermediate-term trend has been DOWN since Nov 19th, 2024 at 8604.117
The short-term trend has been DOWN since Nov 12th, 2024 at 8630.000
Smart Scan Analysis for USDGNF
Based on our trend formula, USDGNF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8587.736 | 8587.736 | 8587.736 | 8587.736 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8587.736 | 2024-11-19 21:06:22 |