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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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_USDNIO
Open High Low USDNIO Price Change
32.5550 32.5550 32.4385 32.4385 -0.1165
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term up The long term trend has been UP since Jul 6th, 2016 at 28.6750

intermediate term down The intermediate term trend has been DOWN since Jan 3rd, 2019 at 32.3495

short term down The short term trend has been DOWN since Jan 16th, 2019 at 32.5500

Smart Scan Analysis for USDNIO

Based on a pre-defined weighted trend formula for chart analysis, USDNIO scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.5550 32.5550 32.4385 32.4385 -0.1165
Prev. Close Volume Bid Ask Time
32.5550 32.0000 32.8770 2019-01-16 20:59:43
Want to analyze US Dollar/Nicaraguan Cordoba USDNIO or another symbol? Try our Free Forex Trend Analysis Report.