Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Euro/Nigerian Naira (FOREX:EURNGN)
Strong Uptrend (+100) - EURNGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURNGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in 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 UP since Mar 5th, 2020 at 408.97
The intermediate-term trend has been UP since Nov 9th, 2020 at 452.16
The short-term trend has been UP since Nov 9th, 2020 at 449.44
Smart Scan Analysis for EURNGN
Based on our trend formula, EURNGN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).