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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Weak Downtrend (-65) - NGNGBP is showing signs of a strengthening downtrend. Monitor NGNGBP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid NGNGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for NGNGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NGNGBP
Open High Low NGNGBP Price Change
0.00063987 0.00063987 0.00062299 0.00062511 -0.00001500
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 0.00092345

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2024 at 0.00053243

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.00069015

Smart Scan Analysis for NGNGBP

Based on our trend formula, NGNGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00063987 0.00063987 0.00062299 0.00062511 -0.00001500
Prev. Close Volume Bid Ask Time
0.00063987 2024-04-25 22:52:30
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