Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 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.
|
|||||||||||||||
|
|||||||||||||||
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 UP since Mar 13th, 2024 at 0.00053243
The short-term trend has been DOWN since Apr 22nd, 2024 at 0.00069015
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 |
|---|---|---|---|---|
| 0.00065689 | 0.00065791 | 0.00064272 | 0.00065062 | -0.00000600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00065689 | 2024-04-23 22:52:08 |