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Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2024.
Nigerian Naira/US Dollar (FOREX:NGNUSD)
Countertrend Up (+85) - NGNUSD 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 NGNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNUSD.
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 NGNUSD
The long-term trend has been UP since Dec 9th, 2024 at 0.00061475
The intermediate-term trend has been UP since Dec 9th, 2024 at 0.00060291
The short-term trend has been UP since Dec 9th, 2024 at 0.00060291
Smart Scan Analysis for NGNUSD
Based on our trend formula, NGNUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00064374 | 0.00064374 | 0.00064374 | 0.00064374 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00064799 | 2024-12-09 07:25:14 |