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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Bull Market Weakness (+75) - NGNGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
0.00189860 0.00190501 0.00175058 0.00190292 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 0.00202955

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2021 at 0.00190204

short term up The short-term trend has been UP since Mar 5th, 2021 at 0.00189753

Smart Scan Analysis for NGNGBP

Based on our trend formula, NGNGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00189860 0.00190501 0.00175058 0.00190292 +0.00000400
Prev. Close Volume Bid Ask Time
0.00189860 2021-03-08 20:44:19
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