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Forex Trend Analysis Report
Prepared for you on Tuesday, January 6, 2026.
US Dollar/Nigerian Naira (FOREX:USDNGN)
Long-Term Downtrend (-90) - USDNGN is in a strong downtrend that is likely to continue. While USDNGN is showing intraday strength, it remains in the confines of a bearish trend. 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 Dec 30th, 2025 at 1446.15
The short-term trend has been DOWN since Dec 30th, 2025 at 1446.95
Smart Scan Analysis for USDNGN
Based on our trend formula, USDNGN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1431.88 | 1431.88 | 1424.60 | 1430.46 | -1.42 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1431.88 | 2026-01-06 21:22:13 |