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.
MarketClub’s Trade Triangles for NGNGBP
The long term trend has been DOWN since Apr 17th, 2018 at 0.00194
The intermediate term trend has been UP since Apr 23rd, 2018 at 0.00199
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).