Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, July 1, 2025.

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.

FOREX_USDNGN
Open High Low USDNGN Price Change
1535.66 1540.26 1533.04 1533.04 -2.62
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 down The short-term trend has been DOWN since Jun 23rd, 2025 at 1545.2000

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).

-70
Smart Scan Analysis for USDNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1535.66 1540.26 1533.04 1533.04 -2.62
Prev. Close Volume Bid Ask Time
1535.66 2025-07-01 13:28:01
Get a free daily analysis and signals for US Dollar/Nigerian Naira (USDNGN) - Request Your Free Report.