Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 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.
MarketClub’s Trade Triangles for NGNZAR
The long term trend has been UP since Mar 27th, 2018 at 0.038350
The intermediate term trend has been UP since Aug 12th, 2018 at 0.039232
The short term trend has been DOWN since Sep 19th, 2018 at 0.040881
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).