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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Long-Term Uptrend (+90) - NGNJPY is in a strong uptrend that is likely to continue. While NGNJPY 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 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.

FOREX_NGNJPY
Open High Low NGNJPY Price Change
0.27769191 0.27859911 0.27717529 0.27816278 +0.00047100
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term up The long-term trend has been UP since Mar 3rd, 2021 at 0.28100263

intermediate term up The intermediate-term trend has been UP since Sep 23rd, 2021 at 0.26906792

short term up The short-term trend has been UP since Oct 26th, 2021 at 0.27778455

Smart Scan Analysis for NGNJPY

Based on our trend formula, NGNJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27769191 0.27859911 0.27717529 0.27816278 +0.00047100
Prev. Close Volume Bid Ask Time
0.27769191 2021-10-26 13:27:33
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