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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Crossroads (-60) - NGNJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.27309077 0.27347182 0.27286871 0.27309513 +0.00000400
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term down The long-term trend has been DOWN since Oct 30th, 2020 at 0.26927227

intermediate term up The intermediate-term trend has been UP since Dec 2nd, 2020 at 0.27755995

short term up The short-term trend has been UP since Dec 1st, 2020 at 0.27439290

Smart Scan Analysis for NGNJPY

Based on our trend formula, NGNJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27309077 0.27347182 0.27286871 0.27309513 +0.00000400
Prev. Close Volume Bid Ask Time
0.27309077 2020-12-04 08:54:38
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