Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
US Dollar/Guinea Franc (FOREX:USDGNF)
Countertrend Down (-85) - USDGNF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for USDGNF
The long-term trend has been DOWN since Apr 1st, 2021 at 10000.000
The intermediate-term trend has been DOWN since Feb 8th, 2021 at 10087.500
The short-term trend has been UP since Apr 7th, 2021 at 9995.511
Smart Scan Analysis for USDGNF
Based on our trend formula, USDGNF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).