Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
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.
MarketClub’s Trade Triangles for USDGNF
The long-term trend has been DOWN since Apr 25th, 2023 at 8526.596
The intermediate-term trend has been UP since Sep 12th, 2023 at 8652.500
The short-term trend has been DOWN since Sep 22nd, 2023 at 8587.036
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).