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Forex Trend Analysis Report

Prepared for you on Friday, May 30, 2025.

US Dollar/Nigerian Naira (FOREX:USDNGN)

Sidelines Mode (-55) - USDNGN 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 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.

FOREX_USDNGN
Open High Low USDNGN Price Change
1590.41 1590.41 1587.21 1588.25 -2.16
Entry Signal

MarketClub’s Trade Triangles for USDNGN

long term up The long-term trend has been UP since Apr 7th, 2025 at 1560.6224

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2025 at 1597.4400

short term up The short-term trend has been UP since May 28th, 2025 at 1587.8084

Smart Scan Analysis for USDNGN

Based on our trend formula, USDNGN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1590.41 1590.41 1587.21 1588.25 -2.16
Prev. Close Volume Bid Ask Time
1590.41 2025-05-30 16:45:45
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