Free Daily Analysis

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.

FOREX_GBPNGN
Open High Low GBPNGN Price Change
1791.2638 1794.2286 1757.9129 1759.3064 -31.9574
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term up The long-term trend has been UP since Nov 14th, 2023 at 1082.9015

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 1878.0971

short term down 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).

-60
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways 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
Get a free daily analysis and signals for British Pound/Nigerian Naira (GBPNGN) - Request Your Free Report.