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Forex Trend Analysis Report

Prepared for you on Sunday, January 20, 2019.

US Dollar/Nigerian Naira (FOREX:USDNGN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
363.00 363.75 363.00 363.75 +0.75
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 up The intermediate term trend has been UP since Jan 9th, 2019 at 364.990

short term up The short term trend has been UP since Jan 20th, 2019 at 363.500

Smart Scan Analysis for USDNGN

Based on a pre-defined weighted trend formula for chart analysis, USDNGN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for USDNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
363.00 363.75 363.00 363.75 +0.75
Prev. Close Volume Bid Ask Time
363 363.25 364.25 2019-01-20 20:44:23
Want to analyze US Dollar/Nigerian Naira USDNGN or another symbol? Try our Free Forex Trend Analysis Report.