Free Daily Analysis

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.

FOREX_USDGNF
Open High Low USDGNF Price Change
9875.631 9875.631 9875.631 9875.631 0.000
Entry Signal

MarketClub’s Trade Triangles for USDGNF

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 10000.000

intermediate term down The intermediate-term trend has been DOWN since Feb 8th, 2021 at 10087.500

short term up 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).

-85
Smart Scan Analysis for USDGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9875.631 9875.631 9875.631 9875.631 0.000
Prev. Close Volume Bid Ask Time
9875.631 2021-05-06 07:26:08
Get a free daily analysis and signals for US Dollar/Guinea Franc (USDGNF) - Request Your Free Report.