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Forex Trend Analysis Report

Prepared for you on Monday, June 26, 2017.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
413.055 413.285 411.815 412.050 -1.005
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term down The long term trend has been DOWN since Jun 15th, 2017 at 379.505

intermediate term down The intermediate term trend has been DOWN since May 29th, 2017 at 405.465

short term down The short term trend has been DOWN since Jun 20th, 2017 at 411.775

Smart Scan Analysis for GBPNGN

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

-100
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
413.055 413.285 411.815 412.050 -1.005
Prev. Close Volume Bid Ask Time
413.055 412.040 412.060 2017-06-26 11:31:38
Want to analyze British Pound/Nigerian Naira GBPNGN or another symbol? Try our Free Forex Trend Analysis Report.