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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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.

FOREX_USDGNF
Open High Low USDGNF Price Change
10142.695 10142.695 10082.500 10082.500 -60.195
Entry Signal

MarketClub’s Trade Triangles for USDGNF

long term up The long-term trend has been UP since Jun 12th, 2020 at 9596.477

intermediate term down The intermediate-term trend has been DOWN since Feb 8th, 2021 at 10087.500

short term up The short-term trend has been UP since Feb 23rd, 2021 at 10130.582

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).

+55
Smart Scan Analysis for USDGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10142.695 10142.695 10082.500 10082.500 -60.195
Prev. Close Volume Bid Ask Time
10146.073 2021-02-24 11:22:14
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