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Forex Trend Analysis Report

Prepared for you on Friday, February 23, 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
503.690 505.335 502.730 502.845 -0.845
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 up The intermediate term trend has been UP since Dec 29th, 2017 at 487.025

short term down The short term trend has been DOWN since Feb 20th, 2018 at 504.395

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
503.690 505.335 502.730 502.845 -0.845
Prev. Close Volume Bid Ask Time
503.690 502.810 502.880 2018-02-23 23:03:04
Want to analyze British Pound/Nigerian Naira GBPNGN or another symbol? Try our Free Forex Trend Analysis Report.