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Forex Trend Analysis Report

Prepared for you on Sunday, May 18, 2025.

US Dollar/Nigerian Naira (FOREX:USDNGN)

Crossroads (+60) - USDNGN 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 USDNGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDNGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDNGN
Open High Low USDNGN Price Change
1602.3600 1607.3812 1596.7000 1607.3812 +5.0212
Entry Signal

MarketClub’s Trade Triangles for USDNGN

long term up The long-term trend has been UP since Apr 7th, 2025 at 1560.6224

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2025 at 1597.4400

short term down The short-term trend has been DOWN since May 16th, 2025 at 1598.0300

Smart Scan Analysis for USDNGN

Based on our trend formula, USDNGN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1602.3600 1607.3812 1596.7000 1607.3812 +5.0212
Prev. Close Volume Bid Ask Time
1607.3812 2025-05-16 19:12:35
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