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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Euro/Nigerian Naira (FOREX:EURNGN)

Long-Term Uptrend (+90) - EURNGN is in a strong uptrend that is likely to continue. While EURNGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1679.8 1679.8 1679.8 1679.8 0.0
Entry Signal

MarketClub’s Trade Triangles for EURNGN

long term up The long-term trend has been UP since Nov 6th, 2023 at 855.30

intermediate term up The intermediate-term trend has been UP since Jun 6th, 2024 at 1649.28

short term up The short-term trend has been UP since Jun 12th, 2024 at 1633.30

Smart Scan Analysis for EURNGN

Based on our trend formula, EURNGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1679.8 1679.8 1679.8 1679.8 0.0
Prev. Close Volume Bid Ask Time
1679.8 2024-06-14 07:26:15
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