Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
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.
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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 DOWN since Mar 13th, 2024 at 1878.0971
The short-term trend has been DOWN since Mar 12th, 2024 at 2030.5657
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).
Open | High | Low | Price | Change |
---|---|---|---|---|
1791.2638 | 1794.2286 | 1757.9129 | 1759.3064 | -31.9574 |
Prev. Close | Volume | Bid | Ask | Time |
1791.2638 | 2024-03-28 18:23:25 |