Well for the past 2 months we have seen steady rally on this pair so after a huge retracement, a buy program presented it self with a target of equal highs above the 945 region as a dol
Let's see how it goes
NAIRA is currently indecisive with CMP sitting at 751.8 per dollar. A breakout from this triangle to confirm Naira next direction.
An upward breakout above the resistance zone toward 760 will make NAIRA super bullish to 777 and 800.
A downward breakout will drop price to 735 or more.
What do you expect?🤔
An upward breakout or a drop??
Not a financial...
#Nigerian Naira Rate (Update)
Day after day, the Nigerian currency is losing it’s value. Here is a weekly timeframe analysis. Based on technical analysis, Naira broke it’s major resistance at 630/$ to $710 and pullback is needed to gain momentum for the next run up.
Therefore I expect a fall to 630/dollar before a rise to new price target at 800, 850, 900, 950...
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Not a financial advice🙅🏼♂️
I expect Naira rate to either FALL towards #500-#540/$ OR RISE towards #600-#620/$
Right here is the Nigerian exchange rate against the US Dollar.
We have price in a symmetrical triangle approaching the dead zone when price can either break upward or downward....
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As seen on the chart, price is currently at $544. We have a symmetrical triangle guarding the coin.
Therefore, if Price break the upper resistance line, we can see an upmove to $560 and if it doesn't, may see a fall to $533.
What do you think?
Share your opinion in the comment section✍️
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Usdtngn is about to make a new ATH which is a great news for traders holding their bags, another lil percentage gain despite the state of btc. I see 1usdt as #1000 in the coming days, either the ascending triangle or the ascending channel is capable of taking us to the moon. To avoid risk and fomo, hold your bags on usdtngn and watch your money grow.
USDTNGN has been consolidating in a symmetrical triangle pattern on the Daily timeframe.
Potential breakout.
Possible price actions are indicated on the chart.
USDTNGN is testing the ascending channel resistance.
RSI is printing a bearish divergence signal.
Potential retracement to the ascending channel support + fibonacci retracement levels ⬇️.
