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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2019.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_NGNGBP
Open High Low NGNGBP Price Change
0.002190 0.002202 0.002190 0.002202 +0.000012
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term down The long term trend has been DOWN since Feb 26th, 2019 at 0.002084

intermediate term up The intermediate term trend has been UP since May 15th, 2019 at 0.002158

short term up The short term trend has been UP since May 8th, 2019 at 0.002132

Smart Scan Analysis for NGNGBP

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

+70
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.002190 0.002202 0.002190 0.002202 +0.000012
Prev. Close Volume Bid Ask Time
0.002190 0.002202 0.002202 2019-05-23 21:55:06
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