Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.04110707 0.04112424 0.04080523 0.04107741 -0.00003000
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term down The long term trend has been DOWN since Jul 15th, 2019 at 0.03850900

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.03985835

short term down The short term trend has been DOWN since Feb 11th, 2020 at 0.04110592

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).

-55
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04110707 0.04112424 0.04080523 0.04107741 -0.00003000
Prev. Close Volume Bid Ask Time
0.04110707 0.04103609 0.04111873 2020-02-14 17:02:07
Get a free daily report for Nigerian Naira/South African Rand (NGNZAR) - Free Trend Analysis Report.