Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
US Dollar/Nigerian Naira (FOREX:USDNGN)
Weak Downtrend (-65) - USDNGN is showing signs of a strengthening downtrend. Monitor USDNGN as it may be building momentum to the downside.
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 UP since Nov 14th, 2023 at 884.5000
The intermediate-term trend has been DOWN since Mar 13th, 2024 at 1493.7300
The short-term trend has been DOWN since Mar 12th, 2024 at 1581.0748
Smart Scan Analysis for USDNGN
Based on our trend formula, USDNGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1370.8914 | 1370.8914 | 1370.8914 | 1370.8914 | 0.0000 |
Prev. Close | Volume | Bid | Ask | Time |
1370.8914 | 2024-03-28 02:42:06 |