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Forex Trend Analysis Report
Prepared for you on Tuesday, December 3, 2024.
Euro/Nigerian Naira (FOREX:EURNGN)
Strong Downtrend (-100) - EURNGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURNGN continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 2nd, 2024 at 1757.0
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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1750.4 | 1750.4 | 1750.4 | 1750.4 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1750.4 | 2024-12-02 21:06:04 |