Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Bull Market Weakness (+75) - NGNJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NGNJPY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NGNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNJPY.
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 NGNJPY
The long-term trend has been UP since May 18th, 2023 at 0.29946032
The intermediate-term trend has been UP since Apr 10th, 2023 at 0.29050919
The short-term trend has been DOWN since May 30th, 2023 at 0.30264534
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.30327259 | 0.30429765 | 0.30230611 | 0.30244805 | -0.00082500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.30327259 | 2023-05-31 13:10:18 |