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Forex Trend Analysis Report
Prepared for you on Tuesday, May 13, 2025.
Euro/Nigerian Naira (FOREX:EURNGN)
Sidelines Mode (+55) - EURNGN 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 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.
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MarketClub’s Trade Triangles for EURNGN
The long-term trend has been UP since Apr 6th, 2025 at 1690.9
The intermediate-term trend has been UP since Mar 5th, 2025 at 1585.9
The short-term trend has been DOWN since Apr 29th, 2025 at 1825.0
Smart Scan Analysis for EURNGN
Based on our trend formula, EURNGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1816.9 | 1816.9 | 1816.9 | 1816.9 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1778.4 | 2025-05-03 16:46:29 |