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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.

FOREX_NGNGBP
Open High Low NGNGBP Price Change
0.002146 0.002147 0.002145 0.002145 -0.000001
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term up The long term trend has been UP since Jul 19th, 2018 at 0.002130

intermediate term up The intermediate term trend has been UP since Apr 23rd, 2018 at 0.001990

short term down 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).

+55
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.002146 0.002147 0.002145 0.002145 -0.000001
Prev. Close Volume Bid Ask Time
0.002146 0.002145 0.002145 2018-08-22 03:19:21
Want to analyze Nigerian Naira/British Pound NGNGBP or another symbol? Try our Free Forex Trend Analysis Report.