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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
British Pound/Nigerian Naira (FOREX:GBPNGN)
Bear Market Rally (-75) - GBPNGN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPNGN as it may be in the beginning 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 DOWN since Dec 4th, 2024 at 2078.4910
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 2110.9523
The short-term trend has been DOWN since Feb 20th, 2025 at 1893.2788
Smart Scan Analysis for GBPNGN
Based on our trend formula, GBPNGN is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1897.6548 | 1897.6548 | 1897.4295 | 1897.4295 | -0.2253 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1897.6548 | 2025-02-22 03:05:26 |