Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, August 18, 2017.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_GBPNGN
Open High Low GBPNGN Price Change
466.965 467.985 465.390 466.720 -0.245
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term down The long term trend has been DOWN since Aug 7th, 2017 at 354.305

intermediate term down The intermediate term trend has been DOWN since Aug 7th, 2017 at 408.720

short term down The short term trend has been DOWN since Aug 15th, 2017 at 473.510

Smart Scan Analysis for GBPNGN

Based on a pre-defined weighted trend formula for chart analysis, GBPNGN scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
466.965 467.985 465.390 466.720 -0.245
Prev. Close Volume Bid Ask Time
466.965 466.620 466.820 2017-08-18 23:32:07
Want to analyze British Pound/Nigerian Naira GBPNGN or another symbol? Try our Free Forex Trend Analysis Report.