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.
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 UP since Oct 18th, 2018 at 0.01790
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).