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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.

FOREX_NGNGBP
Open High Low NGNGBP Price Change
0.00177081 0.00177196 0.00175950 0.00177061 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term up The long-term trend has been UP since Sep 28th, 2021 at 0.00179395

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00176396

short term down 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).

-70
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00177081 0.00177196 0.00175950 0.00177061 0.00000000
Prev. Close Volume Bid Ask Time
0.00177081 2021-10-26 17:44:55
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