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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2019.

US Dollar/Nigerian Naira (FOREX:USDNGN)

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_USDNGN
Open High Low USDNGN Price Change
360.67 360.67 360.67 360.67 0.00
Entry Signal

MarketClub’s Trade Triangles for USDNGN

long term down The long term trend has been DOWN since Feb 22nd, 2019 at 359.07

intermediate term up The intermediate term trend has been UP since Mar 31st, 2019 at 361.02

short term up The short term trend has been UP since Apr 11th, 2019 at 360.24

Smart Scan Analysis for USDNGN

Based on a pre-defined weighted trend formula for chart analysis, USDNGN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
360.67 360.67 360.67 360.67 0.00
Prev. Close Volume Bid Ask Time
360.67 360.17 361.17 2019-04-17 21:32:59
Want to analyze US Dollar/Nigerian Naira USDNGN or another symbol? Try our Free Forex Trend Analysis Report.