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.
MarketClub’s Trade Triangles for GBPNGN
The long term trend has been DOWN since Jun 15th, 2017 at 379.505
The intermediate term trend has been DOWN since May 29th, 2017 at 405.465
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).