Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 USDNIO
The long term trend has been UP since Jul 6th, 2016 at 28.6750
The intermediate term trend has been UP since Nov 4th, 2018 at 32.3035
The short term trend has been UP since Nov 9th, 2018 at 32.3040
Smart Scan Analysis for USDNIO
Based on a pre-defined weighted trend formula for chart analysis, USDNIO scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).