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.
MarketClub’s Trade Triangles for NGNJPY
The long term trend has been UP since Mar 27th, 2018 at 0.315815
The intermediate term trend has been UP since Aug 27th, 2018 at 0.309480
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).