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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2019.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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_NGNZAR
Open High Low NGNZAR Price Change
0.039850 0.040347 0.039613 0.040177 +0.000327
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term up The long term trend has been UP since Feb 22nd, 2019 at 0.045927

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 0.038568

short term down The short term trend has been DOWN since Mar 19th, 2019 at 0.039688

Smart Scan Analysis for NGNZAR

Based on a pre-defined weighted trend formula for chart analysis, NGNZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.039850 0.040347 0.039613 0.040177 +0.000327
Prev. Close Volume Bid Ask Time
0.039850 0.040136 0.040219 2019-03-19 23:38:23
Want to analyze Nigerian Naira/South African Rand NGNZAR or another symbol? Try our Free Forex Trend Analysis Report.