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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Sidelines Mode (-55) - NGNJPY 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 NGNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNJPY.
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 NGNJPY
The long-term trend has been DOWN since Apr 3rd, 2025 at 0.09458481
The intermediate-term trend has been DOWN since Feb 20th, 2025 at 0.09922793
The short-term trend has been UP since May 8th, 2025 at 0.08989758
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09053342 | 0.09053342 | 0.09008406 | 0.09021743 | -0.00031600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09053342 | 2025-05-09 07:23:40 |