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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.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.031357 0.031357 0.031194 0.031194 -0.000163
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 down The intermediate term trend has been DOWN since Jul 24th, 2018 at 0.031464

short term up 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).

-85
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.031357 0.031357 0.031194 0.031194 -0.000163
Prev. Close Volume Bid Ask Time
0.031357 0.030765 0.031623 2018-08-14 21:13:23
Want to analyze Nicaraguan Cordoba/US Dollar NIOUSD or another symbol? Try our Free Forex Trend Analysis Report.