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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
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.
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MarketClub’s Trade Triangles for NGNJPY
The long-term trend has been UP since Dec 5th, 2024 at 0.09391572
The intermediate-term trend has been UP since Dec 5th, 2024 at 0.09369667
The short-term trend has been UP since Dec 2nd, 2024 at 0.09015662
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09336965 | 0.09507134 | 0.09327378 | 0.09497318 | +0.00160400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09336965 | 2024-12-06 17:32:06 |