Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
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 DOWN since Nov 14th, 2023 at 0.16928240
The intermediate-term trend has been UP since Mar 13th, 2024 at 0.10084871
The short-term trend has been UP since Mar 12th, 2024 at 0.09332261
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.09558337 | 0.09907530 | 0.09558337 | 0.09889083 | +0.00330700 |
Prev. Close | Volume | Bid | Ask | Time |
0.09558337 | 2024-03-19 08:12:05 |