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Forex Trend Analysis Report

Prepared for you on Wednesday, October 18, 2017.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_GBPNGN
Open High Low GBPNGN Price Change
470.185 470.315 469.975 469.975 -0.210
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 Oct 5th, 2017 at 467.650

short term down The short term trend has been DOWN since Oct 17th, 2017 at 471.855

Smart Scan Analysis for GBPNGN

Based on a pre-defined weighted trend formula for chart analysis, GBPNGN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
470.185 470.315 469.975 469.975 -0.210
Prev. Close Volume Bid Ask Time
470.185 469.940 470.010 2017-10-18 01:35:38
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