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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Bear Market Rally (-75) - NGNGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NGNGBP as it may be in the beginning 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.
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MarketClub’s Trade Triangles for NGNGBP
The long-term trend has been DOWN since Apr 3rd, 2025 at 0.00049510
The intermediate-term trend has been DOWN since May 26th, 2025 at 0.00046436
The short-term trend has been UP since May 28th, 2025 at 0.00046812
Smart Scan Analysis for NGNGBP
Based on our trend formula, NGNGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00046693 | 0.00046810 | 0.00046632 | 0.00046770 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00046693 | 2025-05-30 21:05:12 |