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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.
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MarketClub’s Trade Triangles for USDNGN
The long-term trend has been UP since Dec 15th, 2020 at 388.59642
The intermediate-term trend has been UP since Dec 14th, 2021 at 413.79494
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).
| 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 |