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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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_NGNZAR
Open High Low NGNZAR Price Change
0.036759 0.037019 0.036682 0.036818 +0.000059
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term up The long term trend has been UP since Mar 27th, 2018 at 0.038350

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.037160

short term up The short term trend has been UP since Jul 18th, 2018 at 0.036846

Smart Scan Analysis for NGNZAR

Based on a pre-defined weighted trend formula for chart analysis, NGNZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.036759 0.037019 0.036682 0.036818 +0.000059
Prev. Close Volume Bid Ask Time
0.036759 0.036759 0.036876 2018-07-18 20:10:28
Want to analyze Nigerian Naira/South African Rand NGNZAR or another symbol? Try our Free Forex Trend Analysis Report.