Forex Trend Analysis Report
Prepared for you on Sunday, June 25, 2017.
Nigerian Naira/South African Rand (FOREX:NGNZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for NGNZAR
The long term trend has been UP since Jun 15th, 2017 at 0.045435
The intermediate term trend has been UP since Jun 15th, 2017 at 0.045300
The short term trend has been UP since Jun 20th, 2017 at 0.040270
Smart Scan Analysis for NGNZAR
Based on a pre-defined weighted trend formula for chart analysis, NGNZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).