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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Bear Market Rally (-75) - NGNJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NGNJPY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NGNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NGNJPY
The long-term trend has been DOWN since Nov 14th, 2023 at 0.16928240
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.11709395
The short-term trend has been UP since May 7th, 2024 at 0.11168750
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11061404 | 0.11076089 | 0.11060800 | 0.11075520 | +0.00014100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11061404 | 2024-05-09 02:24:12 |