Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
US Dollar/Guinea Franc (FOREX:USDGNF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDGNF
The long term trend has been UP since Nov 16th, 2018 at 9132.50
The intermediate term trend has been DOWN since Feb 19th, 2019 at 9072.45
The short term trend has been UP since Feb 19th, 2019 at 9225.00
Smart Scan Analysis for USDGNF
Based on a pre-defined weighted trend formula for chart analysis, USDGNF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).