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Forex Trend Analysis Report

Prepared for you on Sunday, June 17, 2018.

Nigerian Naira/US Dollar (FOREX:NGNUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_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 up The intermediate term trend has been UP since May 30th, 2018 at 0.002780

short term up The short term trend has been UP since May 30th, 2018 at 0.002770

Smart Scan Analysis for NGNUSD

Based on a pre-defined weighted trend formula for chart analysis, NGNUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
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 2018-06-14 09:02:06
Want to analyze Nigerian Naira/US Dollar NGNUSD or another symbol? Try our Free Forex Trend Analysis Report.