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Forex Trend Analysis Report

Prepared for you on Monday, January 21, 2019.

Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.030647 0.030647 0.030647 0.030647 0.000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long term trend has been DOWN since May 11th, 2017 at 0.033695

intermediate term up The intermediate term trend has been UP since Jan 3rd, 2019 at 0.030918

short term up The short term trend has been UP since Jan 16th, 2019 at 0.030778

Smart Scan Analysis for NIOUSD

Based on a pre-defined weighted trend formula for chart analysis, NIOUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.030647 0.030647 0.030647 0.030647 0.000000
Prev. Close Volume Bid Ask Time
0.030647 0.030234 0.031059 2019-01-20 20:07:42
Want to analyze Nicaraguan Cordoba/US Dollar NIOUSD or another symbol? Try our Free Forex Trend Analysis Report.