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.
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 Sep 27th, 2021 at 9739.848
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).