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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Weak Downtrend (-65) - NGNJPY is showing signs of a strengthening downtrend. Monitor NGNJPY as it may be building momentum to the downside.

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
0.12553952 0.12561573 0.12000984 0.12340008 -0.00213900
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 down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.13276349

Smart Scan Analysis for NGNJPY

Based on our trend formula, NGNJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12553952 0.12561573 0.12000984 0.12340008 -0.00213900
Prev. Close Volume Bid Ask Time
0.12553952 2024-04-24 11:04:27
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