NIGERIA NAIRA / U.S. DOLLARUpdated $NGN NGN Nigerian Naira at decision Point! 1000 or 2500...
NGN The Nigerian Naira for months has been devalued in relation to the Dollar
Current price: 1773 per $1
The price1773 has previously been visited around March 2024, Price action is currently forming a rising wedge.
Only two things can happen:
#NGN Price Action can break out of the rising wedge to reach higher prices up to 2500
Or
Price Action can continue to reject the area around 1773 to retest supports down to 1000.
Previous Supports: 1576, 1389, 1176, 991
Current price: 1773 per $1
The price1773 has previously been visited around March 2024, Price action is currently forming a rising wedge.
Only two things can happen:
#NGN Price Action can break out of the rising wedge to reach higher prices up to 2500
Or
Price Action can continue to reject the area around 1773 to retest supports down to 1000.
Previous Supports: 1576, 1389, 1176, 991
Trade active
NGN continued to reject the area around 1773 and is now retracing...
Previous Supports: 1576, 1389, 1176, 991
#ngn
Note
1576 hit!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.