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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.

FOREX_NGNGBP
Open High Low NGNGBP Price Change
0.00179471 0.00179471 0.00179471 0.00179471 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term up The long-term trend has been UP since Sep 28th, 2021 at 0.00179395

intermediate term down The intermediate-term trend has been DOWN since Dec 27th, 2021 at 0.00181020

short term up 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).

+65
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00179471 0.00179471 0.00179471 0.00179471 0.00000000
Prev. Close Volume Bid Ask Time
0.00179471 2022-01-29 00:37:19
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