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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2017.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

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
482.565 483.095 482.310 482.965 +0.400
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term up The long term trend has been UP since Sep 15th, 2017 at 484.920

intermediate term down The intermediate term trend has been DOWN since Nov 30th, 2017 at 464.415

short term up The short term trend has been UP since Dec 8th, 2017 at 485.385

Smart Scan Analysis for GBPNGN

Based on a pre-defined weighted trend formula for chart analysis, GBPNGN scored +75 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
482.565 483.095 482.310 482.965 +0.400
Prev. Close Volume Bid Ask Time
482.565 482.930 483.000 2017-12-10 22:37:37
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