Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
British Pound/Nigerian Naira (FOREX:GBPNGN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 GBPNGN
The long term trend has been UP since Sep 15th, 2017 at 484.920
The intermediate term trend has been UP since Dec 29th, 2017 at 487.025
The short term trend has been DOWN since Feb 20th, 2018 at 504.395
Smart Scan Analysis for GBPNGN
Based on a pre-defined weighted trend formula for chart analysis, GBPNGN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).