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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

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_NGNZAR
Open High Low NGNZAR Price Change
0.037440 0.037465 0.036255 0.036300 -0.001140
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term down The long term trend has been DOWN since Aug 8th, 2017 at 0.036065

intermediate term down The intermediate term trend has been DOWN since Dec 4th, 2017 at 0.037710

short term down The short term trend has been DOWN since Dec 13th, 2017 at 0.037670

Smart Scan Analysis for NGNZAR

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

-100
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.037440 0.037465 0.036255 0.036300 -0.001140
Prev. Close Volume Bid Ask Time
0.037440 0.036270 0.036330 2017-12-15 18:36:58
Want to analyze Nigerian Naira/South African Rand NGNZAR or another symbol? Try our Free Forex Trend Analysis Report.