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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Euro/Nigerian Naira (FOREX:EURNGN)
Weak Downtrend (-65) - EURNGN is showing signs of a strengthening downtrend. Monitor EURNGN as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for EURNGN
The long-term trend has been UP since Apr 6th, 2025 at 1690.9
The intermediate-term trend has been DOWN since May 16th, 2025 at 1816.9
The short-term trend has been DOWN since May 26th, 2025 at 1805.1
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1796.7 | 1796.7 | 1796.7 | 1796.7 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1796.7 | 2025-05-27 21:00:09 |