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Forex Trend Analysis Report
Prepared for you on Thursday, July 3, 2025.
US Dollar/Nigerian Naira (FOREX:USDNGN)
Strong Downtrend (-100) - USDNGN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDNGN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDNGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNGN.
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 USDNGN
The long-term trend has been DOWN since Jul 2nd, 2025 at 1530.00
The intermediate-term trend has been DOWN since May 16th, 2025 at 1597.44
The short-term trend has been DOWN since Jun 23rd, 2025 at 1545.20
Smart Scan Analysis for USDNGN
Based on our trend formula, USDNGN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1528.51 | 1536.00 | 1524.97 | 1532.00 | +3.49 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1528.51 | 2025-07-03 21:40:34 |