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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Sidelines Mode (-55) - NGNGBP 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 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.

FOREX_NGNGBP
Open High Low NGNGBP Price Change
0.00046953 0.00046982 0.00046783 0.00046825 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term down The long-term trend has been DOWN since Apr 3rd, 2025 at 0.00049510

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2025 at 0.00052161

short term up The short-term trend has been UP since May 8th, 2025 at 0.00046976

Smart Scan Analysis for NGNGBP

Based on our trend formula, NGNGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00046953 0.00046982 0.00046783 0.00046825 -0.00000100
Prev. Close Volume Bid Ask Time
0.00046953 2025-05-09 07:55:01
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