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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Euro/Guinea Franc (FOREX:EURGNF)
Long-Term Downtrend (-90) - EURGNF is in a strong downtrend that is likely to continue. While EURGNF 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 EURGNF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGNF.
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 EURGNF
The long-term trend has been DOWN since Apr 22nd, 2024 at 9204
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 9371
The short-term trend has been DOWN since Apr 11th, 2024 at 9261
Smart Scan Analysis for EURGNF
Based on our trend formula, EURGNF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9221 | 9221 | 9221 | 9221 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9221 | 2024-04-25 07:26:33 |