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Forex Trend Analysis Report

Prepared for you on Friday, April 20, 2018.

Nigerian Naira/Danish Krone (FOREX:NGNDKK)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_NGNDKK
Open High Low NGNDKK Price Change
0.01685 0.01685 0.01685 0.01685 0.00000
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 Mar 26th, 2018 at 0.01665

short term up The short term trend has been UP since Apr 20th, 2018 at 0.01675

Smart Scan Analysis for NGNDKK

Based on a pre-defined weighted trend formula for chart analysis, NGNDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for NGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01685 0.01685 0.01685 0.01685 0.00000
Prev. Close Volume Bid Ask Time
0.01685 0.01680 0.01690 2018-04-20 12:17:10
Want to analyze Nigerian Naira/Danish Krone NGNDKK or another symbol? Try our Free Forex Trend Analysis Report.