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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Euro/Nigerian Naira (FOREX:EURNGN)

Sidelines Mode (+55) - EURNGN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open High Low EURNGN Price Change
878 878 878 878 0
Entry Signal

MarketClub’s Trade Triangles for EURNGN

long term up The long-term trend has been UP since Nov 6th, 2023 at 855.3

intermediate term up The intermediate-term trend has been UP since Oct 29th, 2023 at 817.7

short term down The short-term trend has been DOWN since Nov 23rd, 2023 at 899.0

Smart Scan Analysis for EURNGN

Based on our trend formula, EURNGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for EURNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
878 878 878 878 0
Prev. Close Volume Bid Ask Time
878 2023-11-23 07:26:39
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