Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Bull Market Weakness (+75) - NGNGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NGNGBP as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for NGNGBP
The long-term trend has been DOWN since Nov 14th, 2023 at 0.00092345
The intermediate-term trend has been UP since Mar 13th, 2024 at 0.00053243
The short-term trend has been UP since Mar 13th, 2024 at 0.00049792
Smart Scan Analysis for NGNGBP
Based on our trend formula, NGNGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.00050225 | 0.00051889 | 0.00050208 | 0.00051814 | +0.00001600 |
Prev. Close | Volume | Bid | Ask | Time |
0.00050225 | 2024-03-19 07:49:39 |