Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NGNJPY
The long term trend has been DOWN since Dec 20th, 2018 at 0.304435
The intermediate term trend has been UP since Jan 25th, 2019 at 0.303770
The short term trend has been UP since Feb 11th, 2019 at 0.304560
Smart Scan Analysis for NGNJPY
Based on a pre-defined weighted trend formula for chart analysis, NGNJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).