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Forex Trend Analysis Report

Prepared for you on Wednesday, April 25, 2018.

Nigerian Naira/US Dollar (FOREX:NGNUSD)

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_NGNUSD
Open High Low NGNUSD Price Change
0.00278 0.00278 0.00278 0.00278 0.00000
Entry Signal

MarketClub’s Trade Triangles for NGNUSD

long term down The long term trend has been DOWN since Jun 26th, 2016 at 0.004995

intermediate term down The intermediate term trend has been DOWN since Apr 1st, 2018 at 0.002790

short term down The short term trend has been DOWN since Apr 1st, 2018 at 0.002785

Smart Scan Analysis for NGNUSD

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

-100
Smart Scan Analysis for NGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00278 0.00278 0.00278 0.00278 0.00000
Prev. Close Volume Bid Ask Time
0.00278 0.00276 0.00280 2018-04-25 09:08:10
Want to analyze Nigerian Naira/US Dollar NGNUSD or another symbol? Try our Free Forex Trend Analysis Report.