Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
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 Apr 3rd, 2025 at 2019.7947
The intermediate-term trend has been UP since May 26th, 2025 at 2153.4842
The short-term trend has been DOWN since May 27th, 2025 at 2138.7579
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 |
|---|---|---|---|---|
| 2141.6635 | 2144.4501 | 2136.3152 | 2138.1156 | -3.5479 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2141.6635 | 2025-05-30 21:28:10 |