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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.309950 0.310240 0.309645 0.309900 -0.000050
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 up The intermediate term trend has been UP since Aug 27th, 2018 at 0.309480

short term up The short term trend has been UP since Sep 13th, 2018 at 0.308740

Smart Scan Analysis for NGNJPY

Based on a pre-defined weighted trend formula for chart analysis, NGNJPY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.309950 0.310240 0.309645 0.309900 -0.000050
Prev. Close Volume Bid Ask Time
0.309950 0.309890 0.309910 2018-09-19 14:14:13
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