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Forex Trend Analysis Report

Prepared for you on Tuesday, October 17, 2017.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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
0.310740 0.310825 0.310700 0.310780 +0.000040
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term down The long term trend has been DOWN since Aug 9th, 2017 at 0.300395

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2017 at 0.310055

short term down The short term trend has been DOWN since Oct 10th, 2017 at 0.312355

Smart Scan Analysis for NGNJPY

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

-100
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.310740 0.310825 0.310700 0.310780 +0.000040
Prev. Close Volume Bid Ask Time
0.310740 0.310770 0.310790 2017-10-17 01:34:19
Want to analyze Nigerian Naira/Japanese Yen NGNJPY or another symbol? Try our Free Forex Trend Analysis Report.