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Forex Trend Analysis Report
Prepared for you on Wednesday, March 12, 2025.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Crossroads (-60) - NGNJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Feb 20th, 2025 at 0.09922793
The short-term trend has been DOWN since Mar 3rd, 2025 at 0.09946955
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09670248 | 0.09672990 | 0.09670248 | 0.09671032 | +0.00000800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09670248 | 2025-03-12 00:23:20 |