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Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

US Dollar/Nigerian Naira (FOREX:USDNGN)

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_USDNGN
Open High Low USDNGN Price Change
363.5 363.5 362.5 362.5 -1.0
Entry Signal

MarketClub’s Trade Triangles for USDNGN

long term up The long term trend has been UP since Jul 26th, 2018 at 362.915

intermediate term down The intermediate term trend has been DOWN since Nov 9th, 2018 at 360.465

short term down The short term trend has been DOWN since Nov 9th, 2018 at 362.880

Smart Scan Analysis for USDNGN

Based on a pre-defined weighted trend formula for chart analysis, USDNGN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
363.5 363.5 362.5 362.5 -1.0
Prev. Close Volume Bid Ask Time
363.5 357.0 368.0 2018-11-19 17:57:17
Want to analyze US Dollar/Nigerian Naira USDNGN or another symbol? Try our Free Forex Trend Analysis Report.