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Forex Trend Analysis Report

Prepared for you on Monday, March 31, 2025.

British Pound/Nigerian Naira (FOREX:GBPNGN)

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

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
1973.8723 1988.5452 1973.6288 1981.6377 +7.7654
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term down The long-term trend has been DOWN since Dec 4th, 2024 at 2078.4910

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 Mar 30th, 2025 at 1974.0189

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
1973.8723 1988.5452 1973.6288 1981.6377 +7.7654
Prev. Close Volume Bid Ask Time
1973.8723 2025-03-31 16:55:42
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