Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jan 3rd, 2019 at 0.030918
The short term trend has been UP since Jan 16th, 2019 at 0.030778
Smart Scan Analysis for NIOUSD
Based on a pre-defined weighted trend formula for chart analysis, NIOUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).