Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2025.
Nigerian Naira/Japanese Yen (FOREX:NGNJPY)
Weak Downtrend (-65) - NGNJPY is showing signs of a strengthening downtrend. Monitor NGNJPY as it may be building momentum to the downside.
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 Jan 15th, 2025 at 0.10071353
The short-term trend has been DOWN since Jan 10th, 2025 at 0.10181466
Smart Scan Analysis for NGNJPY
Based on our trend formula, NGNJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.10043299 | 0.10054204 | 0.10002759 | 0.10005967 | -0.00037300 |
Prev. Close | Volume | Bid | Ask | Time |
0.10043299 | 2025-01-23 13:31:41 |