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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Bull Market Weakness (+75) - NGNJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NGNJPY as it may be in the beginning stages of a reversal.

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
0.29660763 0.29795504 0.29655858 0.29756812 +0.00096000
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.29699862

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2020 at 0.30376158

short term up The short-term trend has been UP since Apr 5th, 2020 at 0.29605313

Smart Scan Analysis for NGNJPY

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

+70
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.29660763 0.29795504 0.29655858 0.29756812 +0.00096000
Prev. Close Volume Bid Ask Time
0.29660763 0.29752316 0.29761308 2020-04-06 17:44:39
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