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Forex Trend Analysis Report

Prepared for you on Thursday, January 8, 2026.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Weak Downtrend (-65) - NGNZAR is showing signs of a strengthening downtrend. Monitor NGNZAR as it may be building momentum to the downside.

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.

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.01153015 0.01158173 0.01152811 0.01155382 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term down The long-term trend has been DOWN since Dec 22nd, 2025 at 0.01145115

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2025 at 0.01175219

short term up The short-term trend has been UP since Jan 7th, 2026 at 0.01150733

Smart Scan Analysis for NGNZAR

Based on our trend formula, NGNZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01153015 0.01158173 0.01152811 0.01155382 +0.00002400
Prev. Close Volume Bid Ask Time
0.01153015 2026-01-08 06:43:38
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