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Forex Trend Analysis Report

Prepared for you on Thursday, November 15, 2018.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

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

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.039655 0.039685 0.038886 0.039091 -0.000564
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 Nov 7th, 2018 at 0.038760

short term down The short term trend has been DOWN since Nov 14th, 2018 at 0.039191

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).

-60
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.039655 0.039685 0.038886 0.039091 -0.000564
Prev. Close Volume Bid Ask Time
0.039655 0.039049 0.039133 2018-11-15 22:58:26
Want to analyze Nigerian Naira/South African Rand NGNZAR or another symbol? Try our Free Forex Trend Analysis Report.