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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.

Open High Low GBPNGN Price Change
476.910 478.725 475.210 477.705 +0.795
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term down The long term trend has been DOWN since Jul 19th, 2018 at 469.390

intermediate term up The intermediate term trend has been UP since Aug 29th, 2018 at 469.585

short term down 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).

Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
476.910 478.725 475.210 477.705 +0.795
Prev. Close Volume Bid Ask Time
476.910 477.670 477.740 2018-09-25 13:33:39
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