Free Euro With Nigerian naira (EURNGN(Forex)) Technical Analysis Signals

Overal Signal
Neutral
Signals
Hold Neutral Hold Hold
Last Update / Period
01 May / Daily
Category/Currency
Forex/NGN
Exchange/Country
FX/--

Euro With Nigerian naira (EURNGN(Forex)) signal with technical analysis on 01 May

On 01 May, we conducted a comprehensive technical analysis of Euro With Nigerian naira (EURNGN(Forex)), considering 256 signals with intricate details. Here are the key findings: 88 signals suggested buy strategies, while 75 indicated sell strategies. The remaining 93 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 6
Sell Signals: 30
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 17
Sell Signals: 24
Neutral Signals: 23
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 31
Sell Signals: 13
Neutral Signals: 20
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 34
Sell Signals: 8
Neutral Signals: 22
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 88
Sell Signals: 75
Neutral Signals: 93
Result: This strategy leads to a Neutral position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Euro With Nigerian naira (EURNGN(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Second Support Level: 1655.3
If the first support level is breached, the second support level at 1655.3 becomes a critical point. Breaking this level would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 1603.1
If the second support level is broken and the price continues to fall, it signals a significant market shift. Remaining below 1603.1 would confirm a persistent downward trend, with traders likely targeting this third level as the next key support point.
These support levels should be considered carefully in the context of broader market trends and indicators. Staying alert and consistently analyzing the market will allow you to make informed decisions while trading Euro With Nigerian naira (EURNGN(Forex)). Paying attention to these support levels will help you adapt to the dynamic nature of the market and make smarter trading choices. Second Resistance Level: 1864.7
If the upward trend continues with significant strength, we may see Euro With Nigerian naira (EURNGN(Forex)) cross the second resistance level at 1864.7. This would indicate a major upside move and a promising direction for our position.

It's crucial to closely monitor these resistance levels and consider them in the context of broader market trends and indicators. To make informed decisions when trading Euro With Nigerian naira (EURNGN(Forex)), stay vigilant and continuously analyze the market. Focusing on these resistance levels, along with broader market dynamics, will help you make smarter trading decisions and adapt to the changing market conditions.

Euro With Nigerian naira (EURNGN(Forex)) technical analysis chart

Euro With Nigerian naira (EURNGN(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 1838.7 1864.7 -- -- --
Support 1757 1655.3 1603.1 1532.3 1208.6
 Euro With Nigerian naira (EURNGN(Forex)) Support and Resistance area (01 May)  Euro With Nigerian naira (EURNGN(Forex)) Support and Resistance area (01 May)

Euro With Nigerian naira (EURNGN(Forex)) signals list for 01 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Euro With Nigerian naira (EURNGN(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 30 Apr Neutral HoldNeutralHoldHold
2 29 Apr Sell SellHoldHoldHold
3 28 Apr Hold NeutralHoldHoldHold
4 27 Apr Hold NeutralHoldHoldHold
5 25 Apr Hold HoldHoldHoldHold
6 23 Apr Hold NeutralHoldHoldHold
7 22 Apr Hold HoldHoldHoldHold
8 17 Apr Hold HoldHoldHoldHold
9 16 Apr Hold HoldHoldHoldHold
10 15 Apr Hold HoldHoldHoldHold
11 14 Apr Hold HoldHoldHoldHold
12 13 Apr Hold HoldHoldHoldHold
13 11 Apr Hold HoldHoldHoldHold
14 10 Apr Hold HoldHoldHoldHold
15 09 Apr Hold HoldHoldHoldHold
16 08 Apr Hold HoldHoldHoldHold
17 07 Apr Hold HoldHoldHoldHold
18 06 Apr Hold HoldHoldHoldHold
19 04 Apr Hold HoldHoldHoldHold
20 03 Apr Buy BuyBuyBuyBuy
21 02 Apr Hold NeutralNeutralNeutralNeutral
22 01 Apr Sell SellSellHoldNeutral
23 31 Mar Sell NeutralNeutralSellNeutral
24 30 Mar Hold NeutralHoldNeutralNeutral
25 28 Mar Hold NeutralHoldNeutralNeutral
26 27 Mar Buy BuyHoldNeutralNeutral
27 26 Mar Hold HoldHoldNeutralNeutral
28 25 Mar Hold HoldHoldNeutralNeutral
29 24 Mar Hold HoldSellNeutralHold
30 23 Mar Hold HoldNeutralNeutralHold

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