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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.

FOREX_NGNGBP
Open High Low NGNGBP Price Change
0.00210282 0.00210519 0.00210136 0.00210239 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term up The long-term trend has been UP since May 12th, 2020 at 0.00382469

intermediate term up The intermediate-term trend has been UP since May 12th, 2020 at 0.00378363

short term up 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).

+90
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00210282 0.00210519 0.00210136 0.00210239 0.00000000
Prev. Close Volume Bid Ask Time
0.00210282 0.00210227 0.00210251 2020-05-25 05:31:31
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