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Forex Trend Analysis Report

Prepared for you on Friday, November 17, 2017.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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_NGNGBP
Open High Low NGNGBP Price Change
0.00210 0.00211 0.00210 0.00210 0.00000
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term up The long term trend has been UP since Aug 7th, 2017 at 0.00282

intermediate term up The intermediate term trend has been UP since Oct 5th, 2017 at 0.00214

short term down The short term trend has been DOWN since Nov 6th, 2017 at 0.00214

Smart Scan Analysis for NGNGBP

Based on a pre-defined weighted trend formula for chart analysis, NGNGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00210 0.00211 0.00210 0.00210 0.00000
Prev. Close Volume Bid Ask Time
0.00210 0.00210 0.00210 2017-11-17 18:13:30
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