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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2019.

Nigerian Naira/Danish Krone (FOREX:NGNDKK)

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_NGNDKK
Open High Low NGNDKK Price Change
0.01820 0.01825 0.01820 0.01820 0.00000
Entry Signal

MarketClub’s Trade Triangles for NGNDKK

long term up The long term trend has been UP since Feb 12th, 2019 at 0.01830

intermediate term down The intermediate term trend has been DOWN since Jun 10th, 2019 at 0.01835

short term down The short term trend has been DOWN since Jun 20th, 2019 at 0.01845

Smart Scan Analysis for NGNDKK

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

-70
Smart Scan Analysis for NGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01820 0.01825 0.01820 0.01820 0.00000
Prev. Close Volume Bid Ask Time
0.01820 0.01810 0.01830 2019-06-24 09:03:24
Want to analyze Nigerian Naira/Danish Krone NGNDKK or another symbol? Try our Free Forex Trend Analysis Report.