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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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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 Nov 15th, 2024 at 2110.9523
The short-term trend has been UP since Nov 18th, 2024 at 2138.5063
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2124.9738 | 2129.2613 | 2124.1448 | 2124.3709 | -0.6029 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2124.9738 | 2024-11-20 03:40:04 |