Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 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 DOWN since Jul 19th, 2018 at 469.390
The intermediate term trend has been UP since Aug 29th, 2018 at 469.585
The short term trend has been DOWN since Sep 23rd, 2018 at 473.615
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).