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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
Nigerian Naira/South African Rand (FOREX:NGNZAR)
Sidelines Mode (-55) - NGNZAR 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 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 Apr 21st, 2025 at 0.01165313
The intermediate-term trend has been DOWN since Apr 14th, 2025 at 0.01172387
The short-term trend has been UP since May 30th, 2025 at 0.01136803
Smart Scan Analysis for NGNZAR
Based on our trend formula, NGNZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01122344 | 0.01137682 | 0.01121139 | 0.01132907 | +0.00010600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01122344 | 2025-05-30 17:04:49 |