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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Euro/Nigerian Naira (FOREX:EURNGN)

Bull Market Weakness (+75) - EURNGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURNGN as it may be in the beginning stages of a reversal.

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.

FOREX_EURNGN
Open High Low EURNGN Price Change
425.95 425.95 425.95 425.95 0.00
Entry Signal

MarketClub’s Trade Triangles for EURNGN

long term up The long-term trend has been UP since Mar 5th, 2020 at 408.97

intermediate term up The intermediate-term trend has been UP since May 3rd, 2020 at 418.81

short term up The short-term trend has been UP since May 19th, 2020 at 417.69

Smart Scan Analysis for EURNGN

Based on our trend formula, EURNGN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for EURNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
425.95 425.95 425.95 425.95 0.00
Prev. Close Volume Bid Ask Time
423.17 422.95 428.95 2020-05-21 21:08:18
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