Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 6, 2025.
US Dollar/Nigerian Naira (FOREX:USDNGN)
Countertrend Down (-85) - USDNGN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
|
|||||||||||||||
|
|||||||||||||||
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 Sep 5th, 2025 at 1519.23
The short-term trend has been UP since Nov 3rd, 2025 at 1452.99
Smart Scan Analysis for USDNGN
Based on our trend formula, USDNGN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1441.90 | 1443.25 | 1436.13 | 1441.00 | -0.90 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1441.90 | 2025-11-05 23:02:12 |