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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/Nigerian Naira (FOREX:GBPNGN)
Long-Term Downtrend (-90) - GBPNGN is in a strong downtrend that is likely to continue. While GBPNGN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for GBPNGN
The long-term trend has been DOWN since Dec 4th, 2024 at 2078.4910
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 2110.9523
The short-term trend has been DOWN since Dec 25th, 2024 at 1932.0383
Smart Scan Analysis for GBPNGN
Based on our trend formula, GBPNGN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1933.6835 | 1934.9557 | 1927.8313 | 1930.1830 | -3.5005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1933.6835 | 2024-12-26 12:27:44 |