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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 Nov 6th, 2023 at 855.3
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 1783.2
The short-term trend has been DOWN since Nov 18th, 2024 at 1771.0
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 |
|---|---|---|---|---|
| 1757 | 1757 | 1757 | 1757 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1757 | 2024-11-18 21:06:10 |