Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Euro/Nigerian Naira (FOREX:EURNGN)
Sidelines Mode (+50) - EURNGN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURNGN can gain momentum.
Is it time to buy, sell, or avoid EURNGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURNGN
The long-term trend has been DOWN since Mar 3rd, 2022 at 462.04
The intermediate-term trend has been UP since Jun 27th, 2022 at 442.95
The short-term trend has been UP since Jun 27th, 2022 at 442.33
Smart Scan Analysis for EURNGN
Based on our trend formula, EURNGN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).