Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, February 1, 2026.
Nigerian Naira/South African Rand (FOREX:NGNZAR)
Bull Market Weakness (+75) - NGNZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NGNZAR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NGNZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNZAR.
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 NGNZAR
The long-term trend has been DOWN since Dec 22nd, 2025 at 0.01145115
The intermediate-term trend has been UP since Jan 30th, 2026 at 0.01165712
The short-term trend has been UP since Jan 30th, 2026 at 0.01147658
Smart Scan Analysis for NGNZAR
Based on our trend formula, NGNZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01136654 | 0.01167620 | 0.01135974 | 0.01164308 | +0.00027700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01163197 | 2026-01-30 17:05:22 |