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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.

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.039915 0.039915 0.039915 0.039915 0.000000
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term up The long term trend has been UP since Jun 15th, 2017 at 0.045435

intermediate term up The intermediate term trend has been UP since Jun 15th, 2017 at 0.045300

short term up 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).

+70
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.039915 0.039915 0.039915 0.039915 0.000000
Prev. Close Volume Bid Ask Time
0.039915 0.039900 0.039930 2017-06-25 12:57:34
Want to analyze Nigerian Naira/South African Rand NGNZAR or another symbol? Try our Free Forex Trend Analysis Report.