Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
British Pound/Nigerian Naira (FOREX:GBPNGN)
Long-Term Uptrend (+90) - GBPNGN is in a strong uptrend that is likely to continue. While GBPNGN 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 GBPNGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPNGN
The long-term trend has been UP since Nov 10th, 2022 at 515.75493
The intermediate-term trend has been UP since Mar 13th, 2023 at 559.19937
The short-term trend has been UP since Mar 19th, 2023 at 561.15630
Smart Scan Analysis for GBPNGN
Based on our trend formula, GBPNGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).