Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 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.
MarketClub’s Trade Triangles for NGNGBP
The long term trend has been UP since Jun 3rd, 2019 at 0.002207
The intermediate term trend has been UP since May 15th, 2019 at 0.002158
The short term trend has been UP since Jun 17th, 2019 at 0.002208
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).