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Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

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
0.309300 0.309590 0.309070 0.309455 +0.000155
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 Nov 5th, 2018 at 0.313120

short term down The short term trend has been DOWN since Nov 14th, 2018 at 0.312030

Smart Scan Analysis for NGNJPY

Based on a pre-defined weighted trend formula for chart analysis, NGNJPY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.309300 0.309590 0.309070 0.309455 +0.000155
Prev. Close Volume Bid Ask Time
0.309300 0.309440 0.309470 2018-11-19 07:57:33
Want to analyze Nigerian Naira/Japanese Yen NGNJPY or another symbol? Try our Free Forex Trend Analysis Report.