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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

Nigerian Naira/Japanese Yen (FOREX:NGNJPY)

Sidelines Mode (-55) - NGNJPY 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 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.

FOREX_NGNJPY
Open High Low NGNJPY Price Change
0.27443390 0.27538525 0.27431104 0.27522874 +0.00079500
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term up The long-term trend has been UP since Mar 3rd, 2021 at 0.28100263

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2022 at 0.27436458

short term up The short-term trend has been UP since Jan 26th, 2022 at 0.27519785

Smart Scan Analysis for NGNJPY

Based on our trend formula, NGNJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27443390 0.27538525 0.27431104 0.27522874 +0.00079500
Prev. Close Volume Bid Ask Time
0.27443390 2022-01-26 13:37:09
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