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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
0.30088520 0.30088520 0.30087137 0.30087137 -0.00001400
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term down The long term trend has been DOWN since Jun 16th, 2019 at 0.30025500

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 0.29988000

short term down The short term trend has been DOWN since Nov 13th, 2019 at 0.30084255

Smart Scan Analysis for NGNJPY

Based on a pre-defined weighted trend formula for chart analysis, NGNJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30088520 0.30088520 0.30087137 0.30087137 -0.00001400
Prev. Close Volume Bid Ask Time
0.30088520 0.30082988 0.30091286 2019-11-16 17:11:38
Want to analyze Nigerian Naira/Japanese Yen NGNJPY or another symbol? Try our Free Forex Trend Analysis Report.