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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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 Nov 14th, 2023 at 0.00092345
The intermediate-term trend has been DOWN since Jul 5th, 2024 at 0.00051256
The short-term trend has been UP since Jul 19th, 2024 at 0.00048240
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 |
|---|---|---|---|---|
| 0.00049925 | 0.00049948 | 0.00048654 | 0.00048692 | -0.00001200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00049925 | 2024-07-26 19:55:54 |