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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Nigerian Naira/US Dollar (FOREX:NGNUSD)
Strong Downtrend (-100) - NGNUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NGNUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NGNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNUSD.
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 NGNUSD
The long-term trend has been DOWN since Jul 14th, 2022 at 0.00238186
The intermediate-term trend has been DOWN since Apr 24th, 2024 at 0.00074623
The short-term trend has been DOWN since May 9th, 2024 at 0.00071039
Smart Scan Analysis for NGNUSD
Based on our trend formula, NGNUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00069213 | 0.00069213 | 0.00069213 | 0.00069213 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00069213 | 2024-05-09 07:26:27 |