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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

Euro/Nigerian Naira (FOREX:EURNGN)

Weak Uptrend (+65) - EURNGN is showing signs of weakening momentum to the upside. Monitor 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
1816.9 1816.9 1816.9 1816.9 0.0
Entry Signal

MarketClub’s Trade Triangles for EURNGN

long term up The long-term trend has been UP since Apr 6th, 2025 at 1690.9

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2025 at 1585.9

short term down The short-term trend has been DOWN since Apr 29th, 2025 at 1825.0

Smart Scan Analysis for EURNGN

Based on our trend formula, EURNGN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for EURNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1816.9 1816.9 1816.9 1816.9 0.0
Prev. Close Volume Bid Ask Time
1821.5 2025-05-03 16:46:29
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