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Forex Trend Analysis Report

Prepared for you on Wednesday, March 21, 2018.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.

Open High Low NGNZAR Price Change
0.03319 0.03325 0.03315 0.03316 -0.00003
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 up The intermediate term trend has been UP since Mar 5th, 2018 at 0.033350

short term up The short term trend has been UP since Mar 15th, 2018 at 0.032975

Smart Scan Analysis for NGNZAR

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

Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03319 0.03325 0.03315 0.03316 -0.00003
Prev. Close Volume Bid Ask Time
0.03319 0.03312 0.03320 2018-03-21 04:48:34
Want to analyze Nigerian Naira/South African Rand NGNZAR or another symbol? Try our Free Forex Trend Analysis Report.