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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.

FOREX_NGNDKK
Open High Low NGNDKK Price Change
0.01745 0.01745 0.01735 0.01745 0.00000
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 down The intermediate term trend has been DOWN since Aug 27th, 2018 at 0.01770

short term down 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).

-100
Smart Scan Analysis for NGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01745 0.01745 0.01735 0.01745 0.00000
Prev. Close Volume Bid Ask Time
0.01745 0.01740 0.01750 2018-09-24 13:07:48
Want to analyze Nigerian Naira/Danish Krone NGNDKK or another symbol? Try our Free Forex Trend Analysis Report.