Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Nigerian Naira/US Dollar (FOREX:NGNUSD)
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.
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MarketClub’s Trade Triangles for NGNUSD
The long term trend has been DOWN since Jul 21st, 2019 at 0.00276000
The intermediate term trend has been UP since Dec 1st, 2019 at 0.00275856
The short term trend has been UP since Dec 5th, 2019 at 0.00275864
Smart Scan Analysis for NGNUSD
Based on a pre-defined weighted trend formula for chart analysis, NGNUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00276013 | 0.00276013 | 0.00276013 | 0.00276013 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00275683 | 0.00273955 | 0.00278071 | 2019-12-05 20:00:18 |