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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Nigerian Naira/British Pound (FOREX:NGNGBP)
Countertrend Up (+85) - NGNGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Dec 25th, 2024 at 0.00051314
Smart Scan Analysis for NGNGBP
Based on our trend formula, NGNGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00051715 | 0.00051779 | 0.00051681 | 0.00051750 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00051715 | 2024-12-26 05:19:31 |