Forex Trend Analysis Report
Prepared for you on Saturday, January 29, 2022.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Weak Uptrend (+65) - NGNGBP is showing signs of weakening momentum to the upside. Monitor NGNGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NGNGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGNGBP
The long-term trend has been UP since Sep 28th, 2021 at 0.00179395
The intermediate-term trend has been DOWN since Dec 27th, 2021 at 0.00181020
The short-term trend has been UP since Jan 16th, 2022 at 0.00177572
Smart Scan Analysis for NGNGBP
Based on our trend formula, NGNGBP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).