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Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

Euro/Nigerian Naira (FOREX:EURNGN)

Long-Term Uptrend (+90) - EURNGN is in a strong uptrend that is likely to continue. While EURNGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid EURNGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURNGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURNGN
Open High Low EURNGN Price Change
492.29 492.29 492.29 492.29 0.00
Entry Signal

MarketClub’s Trade Triangles for EURNGN

long term up The long-term trend has been UP since Mar 5th, 2020 at 408.97

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 486.10

short term up The short-term trend has been UP since Apr 6th, 2021 at 480.97

Smart Scan Analysis for EURNGN

Based on our trend formula, EURNGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
492.29 492.29 492.29 492.29 0.00
Prev. Close Volume Bid Ask Time
492.29 2021-04-18 21:09:28
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