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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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_NGNGBP
Open High Low NGNGBP Price Change
0.00211279 0.00213137 0.00211227 0.00211831 +0.00000600
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term down The long term trend has been DOWN since Oct 16th, 2019 at 0.00218200

intermediate term up The intermediate term trend has been UP since Dec 24th, 2019 at 0.00213896

short term up The short term trend has been UP since Jan 27th, 2020 at 0.00211623

Smart Scan Analysis for NGNGBP

Based on a pre-defined weighted trend formula for chart analysis, NGNGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00211279 0.00213137 0.00211227 0.00211831 +0.00000600
Prev. Close Volume Bid Ask Time
0.00211279 0.00211825 0.00211837 2020-01-28 19:09:32
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