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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.

FOREX_NGNJPY
Open High Low NGNJPY Price Change
0.10043299 0.10054204 0.10002759 0.10005967 -0.00037300
Entry Signal

MarketClub’s Trade Triangles for NGNJPY

long term up The long-term trend has been UP since Dec 5th, 2024 at 0.09391572

intermediate term down The intermediate-term trend has been DOWN since Jan 15th, 2025 at 0.10071353

short term down 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).

-70
Smart Scan Analysis for NGNJPY
Strong Downtrend Sideways 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
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