Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

British Pound/Nigerian Naira (FOREX:GBPNGN)

Sidelines Mode (-55) - GBPNGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
565.41216 565.41216 565.41216 565.41216 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 Oct 18th, 2021 at 566.90643

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 564.80981

Smart Scan Analysis for GBPNGN

Based on our trend formula, GBPNGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
565.41216 565.41216 565.41216 565.41216 0.00000
Prev. Close Volume Bid Ask Time
565.41216 2021-10-23 17:12:51
Get a free daily analysis and signals for British Pound/Nigerian Naira (GBPNGN) - Request Your Free Report.