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Forex Trend Analysis Report

Prepared for you on Tuesday, January 23, 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.

FOREX_NGNDKK
Open High Low NGNDKK Price Change
0.01685 0.01695 0.01680 0.01680 -0.00005
Entry Signal

MarketClub’s Trade Triangles for NGNDKK

long term down The long term trend has been DOWN since Jan 3rd, 2018 at 0.01735

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2017 at 0.01760

short term down The short term trend has been DOWN since Jan 12th, 2018 at 0.01715

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).

-100
Smart Scan Analysis for NGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01685 0.01695 0.01680 0.01680 -0.00005
Prev. Close Volume Bid Ask Time
0.01685 0.01680 0.01680 2018-01-23 11:21:05
Want to analyze Nigerian Naira/Danish Krone NGNDKK or another symbol? Try our Free Forex Trend Analysis Report.