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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.

FOREX_GBPNGN
Open High Low GBPNGN Price Change
564.01663 564.49322 562.75491 563.81171 -0.20492
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term up The long-term trend has been UP since Nov 10th, 2022 at 515.75493

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 559.19937

short term up 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).

+100
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
564.01663 564.49322 562.75491 563.81171 -0.20492
Prev. Close Volume Bid Ask Time
564.01663 2023-03-27 03:29:41
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