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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_NGNZAR
Open High Low NGNZAR Price Change
0.037858 0.038127 0.037659 0.037838 -0.000020
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 0.037380

intermediate term down The intermediate term trend has been DOWN since Jan 4th, 2019 at 0.038601

short term down The short term trend has been DOWN since Jan 15th, 2019 at 0.037725

Smart Scan Analysis for NGNZAR

Based on a pre-defined weighted trend formula for chart analysis, NGNZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.037858 0.038127 0.037659 0.037838 -0.000020
Prev. Close Volume Bid Ask Time
0.037858 0.037812 0.037863 2019-01-15 23:26:20
Want to analyze Nigerian Naira/South African Rand NGNZAR or another symbol? Try our Free Forex Trend Analysis Report.