Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Long-Term Uptrend (+90) - NGNGBP is in a strong uptrend that is likely to continue. While NGNGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 May 12th, 2020 at 0.00382469
The intermediate-term trend has been UP since May 12th, 2020 at 0.00378363
The short-term trend has been UP since May 22nd, 2020 at 0.00211459
Smart Scan Analysis for NGNGBP
Based on our trend formula, NGNGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).