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.

FOREX_NGNUSD
Open High Low NGNUSD Price Change
0.00276013 0.00276013 0.00276013 0.00276013 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NGNUSD

long term down The long term trend has been DOWN since Jul 21st, 2019 at 0.00276000

intermediate term up The intermediate term trend has been UP since Dec 1st, 2019 at 0.00275856

short term up 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).

+60
Smart Scan Analysis for NGNUSD
Strong Downtrend Sideways 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
Want to analyze Nigerian Naira/US Dollar NGNUSD or another symbol? Try our Free Forex Trend Analysis Report.