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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.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.031261 0.031261 0.031261 0.031261 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 Oct 21st, 2018 at 0.031253

short term up 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).

+50
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.031261 0.031261 0.031261 0.031261 0.000000
Prev. Close Volume Bid Ask Time
0.031261 0.030837 0.031686 2018-10-21 20:21:20
Want to analyze Nicaraguan Cordoba/US Dollar NIOUSD or another symbol? Try our Free Forex Trend Analysis Report.