Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Nigerian Naira (FOREX:GBPNGN)
Bull Market Weakness (+75) - GBPNGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for GBPNGN
The long-term trend has been UP since Nov 14th, 2023 at 1082.9015
The intermediate-term trend has been UP since Jul 5th, 2024 at 1951.0066
The short-term trend has been DOWN since Jul 19th, 2024 at 2072.9575
Smart Scan Analysis for GBPNGN
Based on our trend formula, GBPNGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2002.9891 | 2055.3448 | 2002.0938 | 2053.7328 | +50.7437 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2002.9891 | 2024-07-26 19:22:38 |