Analyze Symbol
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.
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MarketClub’s Trade Triangles for NGNZAR
The long term trend has been UP since Feb 22nd, 2019 at 0.045927
The intermediate term trend has been UP since Feb 13th, 2019 at 0.038568
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).
| 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 |