Forex Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Euro/Guinea Franc (FOREX:EURGNF)
Bull Market Weakness (+75) - EURGNF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURGNF as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for EURGNF
The long-term trend has been UP since Jun 5th, 2020 at 10806.4
The intermediate-term trend has been UP since May 21st, 2020 at 10443.5
The short-term trend has been UP since Jul 6th, 2020 at 10876.2
Smart Scan Analysis for EURGNF
Based on our trend formula, EURGNF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).