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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 2018.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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
478.100 479.870 478.055 479.160 +1.060
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term up The long term trend has been UP since Apr 16th, 2018 at 516.215

intermediate term down The intermediate term trend has been DOWN since Apr 23rd, 2018 at 502.830

short term up The short term trend has been UP since Jun 21st, 2018 at 478.510

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
478.100 479.870 478.055 479.160 +1.060
Prev. Close Volume Bid Ask Time
478.1 479.150 479.170 2018-06-22 10:58:47
Want to analyze British Pound/Nigerian Naira GBPNGN or another symbol? Try our Free Forex Trend Analysis Report.