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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

Nigerian Naira/Danish Krone (FOREX:NGNDKK)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.01865 0.01865 0.01860 0.01865 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 up The intermediate term trend has been UP since Aug 29th, 2019 at 0.01855

short term up The short term trend has been UP since Sep 11th, 2019 at 0.01870

Smart Scan Analysis for NGNDKK

Based on a pre-defined weighted trend formula for chart analysis, NGNDKK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for NGNDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01865 0.01865 0.01860 0.01865 0.00000
Prev. Close Volume Bid Ask Time
0.01865 0.01860 0.01870 2019-09-17 13:03:50
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