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Forex Trend Analysis Report

Prepared for you on Saturday, December 15, 2018.

Nigerian Naira/Danish Krone (FOREX:NGNDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

Open High Low NGNDKK Price Change
0.01800 0.01825 0.01800 0.01825 +0.00025
Entry Signal

MarketClub’s Trade Triangles for NGNDKK

long term down The long term trend has been DOWN since Sep 21st, 2018 at 0.01745

intermediate term up The intermediate term trend has been UP since Oct 18th, 2018 at 0.01790

short term up The short term trend has been UP since Dec 11th, 2018 at 0.01815

Smart Scan Analysis for NGNDKK

Based on a pre-defined weighted trend formula for chart analysis, NGNDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for NGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01800 0.01825 0.01800 0.01825 +0.00025
Prev. Close Volume Bid Ask Time
0.01800 0.01820 0.01830 2018-12-14 11:58:13
Want to analyze Nigerian Naira/Danish Krone NGNDKK or another symbol? Try our Free Forex Trend Analysis Report.