Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
US Dollar/Guinea Franc (FOREX:USDGNF)
Weak Downtrend (-65) - USDGNF is showing signs of a strengthening downtrend. Monitor USDGNF as it may be building momentum to the downside.
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 UP since Jan 18th, 2023 at 8800.000
The intermediate-term trend has been DOWN since Feb 13th, 2023 at 8606.619
The short-term trend has been DOWN since Feb 27th, 2023 at 8609.695
Smart Scan Analysis for USDGNF
Based on our trend formula, USDGNF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).