Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
British Pound/Nigerian Naira (FOREX:GBPNGN)
Strong Uptrend (+100) - GBPNGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPNGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for GBPNGN
The long-term trend has been UP since Nov 10th, 2022 at 515.75493
The intermediate-term trend has been UP since Mar 13th, 2023 at 559.19937
The short-term trend has been UP since Mar 19th, 2023 at 561.15630
Smart Scan Analysis for GBPNGN
Based on our trend formula, GBPNGN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).