Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 5th, 2018 at 0.032110
The short term trend has been DOWN since Jun 12th, 2018 at 0.031595
Smart Scan Analysis for NIOUSD
Based on a pre-defined weighted trend formula for chart analysis, NIOUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).