Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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.
MarketClub’s Trade Triangles for NIOUSD
The long term trend has been DOWN since May 11th, 2017 at 0.033695
The intermediate term trend has been DOWN since Jul 24th, 2018 at 0.031464
The short term trend has been UP since Aug 13th, 2018 at 0.031400
Smart Scan Analysis for NIOUSD
Based on a pre-defined weighted trend formula for chart analysis, NIOUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).