Forex Trend Analysis Report
Prepared for you on Sunday, November 28, 2021.
British Pound/Nigerian Naira (FOREX:GBPNGN)
Strong Downtrend (-100) - GBPNGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Sep 28th, 2021 at 557.42821
The intermediate-term trend has been DOWN since Nov 4th, 2021 at 557.42516
The short-term trend has been DOWN since Nov 19th, 2021 at 550.80402
Smart Scan Analysis for GBPNGN
Based on our trend formula, GBPNGN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).