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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.038060 0.038490 0.037965 0.038065 +0.000005
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 Oct 16th, 2017 at 0.036885

short term up The short term trend has been UP since Oct 18th, 2017 at 0.037760

Smart Scan Analysis for NGNZAR

Based on a pre-defined weighted trend formula for chart analysis, NGNZAR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.038060 0.038490 0.037965 0.038065 +0.000005
Prev. Close Volume Bid Ask Time
0.038060 0.038050 0.038080 2017-10-20 10:27:25
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