Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, May 13, 2024.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Long-Term Downtrend (-90) - NGNJPY is in a strong downtrend that is likely to continue. While NGNJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for NGNJPY
The long-term trend has been DOWN since Nov 14th, 2023 at 0.16928240
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.11709395
The short-term trend has been DOWN since May 9th, 2024 at 0.10910377
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10624821 | 0.10731808 | 0.10624616 | 0.10728504 | +0.00103700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10624821 | 2024-05-13 04:45:34 |