Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Strong Uptrend (+100) - NGNJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NGNJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid NGNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGNJPY
The long-term trend has been UP since Feb 4th, 2021 at 0.27766896
The intermediate-term trend has been UP since Jan 11th, 2021 at 0.27413720
The short-term trend has been UP since Feb 23rd, 2021 at 0.27764366
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).