Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Euro/Nigerian Naira (FOREX:EURNGN)
Crossroads (-60) - EURNGN is struggling to move into a solid trend. Beware of choppy markets 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURNGN
The long-term trend has been DOWN since Dec 2nd, 2024 at 1757.0
The intermediate-term trend has been UP since Jan 18th, 2025 at 1606.3
The short-term trend has been UP since Jan 18th, 2025 at 1606.3
Smart Scan Analysis for EURNGN
Based on our trend formula, EURNGN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1607.8 | 1607.8 | 1607.8 | 1607.8 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1607.5 | 2025-01-18 02:34:59 |