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Forex Trend Analysis Report

Prepared for you on Wednesday, April 25, 2018.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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
0.00199 0.00200 0.00199 0.00199 0.00000
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term down The long term trend has been DOWN since Apr 17th, 2018 at 0.00194

intermediate term up The intermediate term trend has been UP since Apr 23rd, 2018 at 0.00199

short term up The short term trend has been UP since Apr 18th, 2018 at 0.00195

Smart Scan Analysis for NGNGBP

Based on a pre-defined weighted trend formula for chart analysis, NGNGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00199 0.00200 0.00199 0.00199 0.00000
Prev. Close Volume Bid Ask Time
0.00199 0.00199 0.00199 2018-04-25 14:19:05
Want to analyze Nigerian Naira/British Pound NGNGBP or another symbol? Try our Free Forex Trend Analysis Report.