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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.

FOREX_NGNJPY
Open High Low NGNJPY Price Change
0.305655 0.305655 0.305655 0.305655 0.000000
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term down The long term trend has been DOWN since Dec 20th, 2018 at 0.304435

intermediate term up The intermediate term trend has been UP since Jan 25th, 2019 at 0.303770

short term up 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).

+60
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.305655 0.305655 0.305655 0.305655 0.000000
Prev. Close Volume Bid Ask Time
0.305655 0.305640 0.305670 2019-02-17 04:18:50
Want to analyze Nigerian Naira/Japanese Yen NGNJPY or another symbol? Try our Free Forex Trend Analysis Report.