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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Nigerian Naira/British Pound (FOREX:NGNGBP)

Strong Downtrend (-100) - NGNGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NGNGBP continues to fall. Traders should use caution and set stops.

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
0.00047648 0.00047684 0.00047596 0.00047602 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NGNGBP

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 0.00092345

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2024 at 0.00051256

short term down The short-term trend has been DOWN since Jul 3rd, 2024 at 0.00051402

Smart Scan Analysis for NGNGBP

Based on our trend formula, NGNGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for NGNGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00047648 0.00047684 0.00047596 0.00047602 0.00000000
Prev. Close Volume Bid Ask Time
0.00047648 2024-07-15 05:01:08
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