Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since Oct 21st, 2018 at 0.031253
The short term trend has been UP since Oct 7th, 2018 at 0.031246
Smart Scan Analysis for NIOUSD
Based on a pre-defined weighted trend formula for chart analysis, NIOUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).