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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Nigerian Naira/US Dollar (FOREX:NGNUSD)
Crossroads (-60) - NGNUSD 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 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.
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MarketClub’s Trade Triangles for NGNUSD
The long-term trend has been DOWN since Apr 23rd, 2025 at 0.00064115
The intermediate-term trend has been UP since May 20th, 2025 at 0.00062460
The short-term trend has been UP since May 18th, 2025 at 0.00062219
Smart Scan Analysis for NGNUSD
Based on our trend formula, NGNUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00063085 | 0.00063085 | 0.00063085 | 0.00063085 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00063085 | 2025-05-27 21:00:09 |