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Forex Trend Analysis Report

Prepared for you on Monday, May 22, 2017.

Nigerian Naira/US Dollar (FOREX:NGNUSD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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
0.00319 0.00319 0.00319 0.00319 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 20th, 2017 at 0.003170

short term up The short term trend has been UP since May 20th, 2017 at 0.003170

Smart Scan Analysis for NGNUSD

Based on a pre-defined weighted trend formula for chart analysis, NGNUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for NGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00319 0.00319 0.00319 0.00319 0.00000
Prev. Close Volume Bid Ask Time
0.00319 0.00316 0.00322 2017-05-20 06:37:14
Want to analyze Nigerian Naira/US Dollar NGNUSD or another symbol? Try our Free Forex Trend Analysis Report.