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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

US Dollar/Nigerian Naira (FOREX:USDNGN)

Strong Uptrend (+100) - USDNGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDNGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
415.12 415.12 415.12 415.12 0.00
Entry Signal

MarketClub’s Trade Triangles for USDNGN

long term up The long-term trend has been UP since Dec 15th, 2020 at 388.59642

intermediate term up The intermediate-term trend has been UP since Dec 14th, 2021 at 413.79494

short term up The short-term trend has been UP since Jan 24th, 2022 at 414.95000

Smart Scan Analysis for USDNGN

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

+100
Smart Scan Analysis for USDNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
415.12 415.12 415.12 415.12 0.00
Prev. Close Volume Bid Ask Time
415.12 2022-01-26 08:15:46
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