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Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2025.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Sidelines Mode (+55) - NGNGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for NGNGBP
The long-term trend has been UP since Dec 4th, 2024 at 0.00048112
The intermediate-term trend has been UP since Nov 15th, 2024 at 0.00047372
The short-term trend has been DOWN since Jan 20th, 2025 at 0.00052347
Smart Scan Analysis for NGNGBP
Based on our trend formula, NGNGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00052252 | 0.00052370 | 0.00051999 | 0.00052117 | -0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00052252 | 2025-01-22 20:20:14 |