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Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Countertrend Down (-85) - NGNJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for NGNJPY
The long-term trend has been DOWN since Nov 24th, 2022 at 0.31172738
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.29083270
The short-term trend has been UP since Mar 29th, 2023 at 0.28619854
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28858477 | 0.29009884 | 0.28629817 | 0.28636814 | -0.00221700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28858477 | 2023-03-31 11:15:59 |