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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Countertrend Up (+85) - NGNJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NGNJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNJPY.
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 NGNJPY
The long-term trend has been UP since Dec 5th, 2024 at 0.09391572
The intermediate-term trend has been UP since Jan 31st, 2025 at 0.10303536
The short-term trend has been DOWN since Feb 5th, 2025 at 0.10290294
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10304941 | 0.10315994 | 0.10157775 | 0.10170695 | -0.00134200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10304941 | 2025-02-05 14:01:20 |