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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.

FOREX_GBPNGN
Open High Low GBPNGN Price Change
563.0289 563.0289 563.0289 563.0289 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPNGN

long term up The long-term trend has been UP since Nov 10th, 2022 at 515.75493

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 559.19937

short term up 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).

+90
Smart Scan Analysis for GBPNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
563.0289 563.0289 563.0289 563.0289 0.0000
Prev. Close Volume Bid Ask Time
563.0289 2023-03-25 12:48:19
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