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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Sidelines Mode (+55) - USDNIO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDNIO?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNIO.
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 USDNIO
The long-term trend has been UP since Feb 7th, 2024 at 36.800000
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 36.600000
The short-term trend has been UP since May 7th, 2024 at 36.798913
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 36.745 | 36.765 | 36.745 | 36.765 | +0.020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 36.745 | 2024-05-08 16:24:58 |