Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

Nigerian Naira/US Dollar (FOREX:NGNUSD)

Strong Downtrend (-100) - NGNUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NGNUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NGNUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NGNUSD
Open High Low NGNUSD Price Change
0.00243214 0.00243214 0.00243214 0.00243214 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NGNUSD

long term down The long-term trend has been DOWN since Dec 11th, 2020 at 0.00257902

intermediate term down The intermediate-term trend has been DOWN since Sep 12th, 2021 at 0.00242711

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 0.00243066

Smart Scan Analysis for NGNUSD

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

-100
Smart Scan Analysis for NGNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00243214 0.00243214 0.00243214 0.00243214 0.00000000
Prev. Close Volume Bid Ask Time
0.00243214 2021-10-24 21:08:25
Get a free daily analysis and signals for Nigerian Naira/US Dollar (NGNUSD) - Request Your Free Report.