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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Weak Uptrend (+65) - GBPNGN is showing signs of weakening momentum to the upside. Monitor GBPNGN as it may be in the beginning stages of a reversal.

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

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

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

FOREX_GBPNGN
Open High Low GBPNGN Price Change
2129.7728 2137.8343 2128.4833 2137.7457 +7.9729
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term up The long-term trend has been UP since Apr 3rd, 2025 at 2019.7947

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2025 at 1917.1299

short term down The short-term trend has been DOWN since May 8th, 2025 at 2128.7617

Smart Scan Analysis for GBPNGN

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

+65
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2129.7728 2137.8343 2128.4833 2137.7457 +7.9729
Prev. Close Volume Bid Ask Time
2129.7728 2025-05-09 08:23:47
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