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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Nigerian Naira/US Dollar (FOREX:NGNUSD)
Sidelines Mode (+55) - NGNUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Dec 18th, 2024 at 0.00064374
Smart Scan Analysis for NGNUSD
Based on our trend formula, NGNUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00064716 | 0.00064716 | 0.00064716 | 0.00064716 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00064700 | 2024-12-21 08:23:55 |