Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Weak Downtrend (-65) - NGNGBP is showing signs of a strengthening downtrend. Monitor NGNGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid NGNGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGNGBP
The long-term trend has been UP since Sep 28th, 2021 at 0.00179395
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00176396
The short-term trend has been DOWN since Oct 25th, 2021 at 0.00175927
Smart Scan Analysis for NGNGBP
Based on our trend formula, NGNGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).