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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
Nigerian Naira/US Dollar (FOREX:NGNUSD)
Weak Uptrend (+65) - NGNUSD is showing signs of weakening momentum to the upside. Monitor NGNUSD as it may be in the beginning stages of a reversal.
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 UP since Dec 9th, 2024 at 0.00061475
The intermediate-term trend has been UP since Dec 9th, 2024 at 0.00060291
The short-term trend has been DOWN since Dec 18th, 2024 at 0.00064374
Smart Scan Analysis for NGNUSD
Based on our trend formula, NGNUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00064716 | 0.00064716 | 0.00064716 | 0.00064716 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00064716 | 2024-12-21 08:23:55 |