DEVALUATION OF NAIRA(WHY NAIRA MIGHT HIT ALL TIME ALL)The naira have been showing signs of weakness against dollar. We might see another all time high of 2000naira against dollar before the year 2025. The next level could be the extension level of 2000nairaLongby Money_Pips5
Price action chart for the USD/NGN Let's analyze the provided price action chart for the USD/NGN (U.S. Dollar / Nigerian Naira) using the ICT (Inner Circle Trader) concepts and general technical analysis: Key Points of Analysis 1. Overall Trend and Market Structure - The chart shows a strong upward trend until early Februaryby abinvestor24Updated 447
NAIRA DOLLAR CORRECTION & UNCERTAINTY Price approaches the NGN1192 support. Potentially will bounce up to retest the broken NGN1406 support and use it as resistance. Since price is retracing after a steep bullish move, the next solid support might be found on the NGN961 zone.by CJEP_138813
USD/NGNTechnically, i have plausible reasons to believe the Nigerian Naira would begin appreciating in value. My reasons below; •Trend line broken •Bearish engulfing candle on 3D timeframe •FVG, hence a possibility for price to retrace to N890/$ N700/$ is technically possibility before the end of the yearShortby f2bemman2221
NairaOne thing to know about naira to USD is that after every consolidation, there's always an historic fall. With how the Nigerian economy is, a currency like Naira only seeks to stabilize rather than hope on recovery. Naira wont be making making a recovery above previous high of 0.002375 and till monthby fxred994418
USD NairaThis is what debasement looks like expect crypto to benefit; low fee, low latency coins what country will be next, Zambia is suspect?Longby aandp4life116
USDNGN Long term analysis !Pattern Wedge on NGN, but take in mind that this is monthly timeframe and of course long term analysis. Based on technical indications NGN can correct its trend against USD to 349.77 in next 5-6 months. Anyway price can gradually decline to 360 before christmass holidays\ Terms and short formShortby AmiranAzaladze1111
This is the endBy now, a whooping 171,000 people died of the coronavirus. Let's start to try to imagine what some of the consequences of the lockdown "to save lives" are. Saving lives is more important than profit. Nigeria is classified as a mixed economy emerging market. It has reached lower middle income statusShortby MrRenevUpdated 5521
Devaluation comingNigeria's economy has taken a huge hit from the decline in oil prices over the past few months. However, the currency peg has not changed. At some point the currency is going to have to be devalued.Shortby Traders_insight2212