Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Nigerian Naira/Danish Krone (FOREX:NGNDKK)
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 NGNDKK
The long term trend has been DOWN since Sep 21st, 2018 at 0.01745
The intermediate term trend has been DOWN since Aug 27th, 2018 at 0.01770
The short term trend has been DOWN since Sep 12th, 2018 at 0.01775
Smart Scan Analysis for NGNDKK
Based on a pre-defined weighted trend formula for chart analysis, NGNDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).