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Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Euro/Nigerian Naira (FOREX:EURNGN)
Bull Market Weakness (+75) - EURNGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for EURNGN
The long-term trend has been UP since Nov 1st, 2022 at 438.42
The intermediate-term trend has been UP since Mar 28th, 2023 at 490.70
The short-term trend has been UP since Mar 28th, 2023 at 490.70
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 |
|---|---|---|---|---|
| 498.3 | 498.3 | 498.3 | 498.3 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 498.3 | 2023-03-28 13:21:43 |