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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 2018.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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_NGNJPY
Open High Low NGNJPY Price Change
0.305210 0.305690 0.304815 0.305170 -0.000040
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term up The long term trend has been UP since Mar 27th, 2018 at 0.315815

intermediate term down The intermediate term trend has been DOWN since May 24th, 2018 at 0.302475

short term down The short term trend has been DOWN since Jun 19th, 2018 at 0.304655

Smart Scan Analysis for NGNJPY

Based on a pre-defined weighted trend formula for chart analysis, NGNJPY scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-50
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.305210 0.305690 0.304815 0.305170 -0.000040
Prev. Close Volume Bid Ask Time
0.305210 0.305160 0.305180 2018-06-22 11:15:04
Want to analyze Nigerian Naira/Japanese Yen NGNJPY or another symbol? Try our Free Forex Trend Analysis Report.