Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NGNGBP
The long term trend has been UP since Jul 19th, 2018 at 0.002130
The intermediate term trend has been UP since Apr 23rd, 2018 at 0.001990
The short term trend has been DOWN since Aug 20th, 2018 at 0.002168
Smart Scan Analysis for NGNGBP
Based on a pre-defined weighted trend formula for chart analysis, NGNGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).