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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

US Dollar/Guinea Franc (FOREX:USDGNF)

Bear Market Rally (-75) - USDGNF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDGNF as it may be in the beginning of a reversal.

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
9700.000 9702.500 9664.056 9664.056 -35.944
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 Sep 27th, 2021 at 9739.848

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 9745.911

Smart Scan Analysis for USDGNF

Based on our trend formula, USDGNF is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for USDGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9700.000 9702.500 9664.056 9664.056 -35.944
Prev. Close Volume Bid Ask Time
9684.580 2021-10-18 21:09:28
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