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Forex Trend Analysis Report

Prepared for you on Saturday, August 13, 2022.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Crossroads (+60) - GBPNGN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
509.00644 509.00644 509.00644 509.00644 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term down The long-term trend has been DOWN since Sep 28th, 2021 at 557.42821

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 511.53610

short term up The short-term trend has been UP since Aug 8th, 2022 at 508.12220

Smart Scan Analysis for GBPNGN

Based on our trend formula, GBPNGN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
509.00644 509.00644 509.00644 509.00644 0.00000
Prev. Close Volume Bid Ask Time
509.00644 2022-08-13 23:50:26
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