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Forex Trend Analysis Report

Prepared for you on Monday, May 1, 2017.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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
410.090 410.090 410.060 410.075 -0.015
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term up The long term trend has been UP since Apr 18th, 2017 at 403.180

intermediate term up The intermediate term trend has been UP since Apr 18th, 2017 at 399.860

short term up The short term trend has been UP since Apr 27th, 2017 at 408.265

Smart Scan Analysis for GBPNGN

Based on a pre-defined weighted trend formula for chart analysis, GBPNGN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
410.090 410.090 410.060 410.075 -0.015
Prev. Close Volume Bid Ask Time
410.090 410.060 410.090 2017-05-01 00:16:55
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