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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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
0.10856650 0.10867055 0.10855286 0.10861924 +0.00005300
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 0.16928240

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2024 at 0.10084871

short term up The short-term trend has been UP since Mar 12th, 2024 at 0.09332261

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
0.10856650 0.10867055 0.10855286 0.10861924 +0.00005300
Prev. Close Volume Bid Ask Time
0.10856650 2024-03-29 03:49:10
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