Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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.
MarketClub’s Trade Triangles for NGNJPY
The long-term trend has been UP since Mar 3rd, 2021 at 0.28100263
The intermediate-term trend has been UP since Sep 23rd, 2021 at 0.26906792
The short-term trend has been UP since Oct 26th, 2021 at 0.27778455
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).