Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Euro/Nicaraguan Cordoba (FOREX:EURNIO)
Countertrend Up (+85) - EURNIO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURNIO?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNIO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURNIO
The long-term trend has been UP since Jun 24th, 2020 at 38.542
The intermediate-term trend has been UP since Feb 23rd, 2021 at 42.314
The short-term trend has been UP since Feb 23rd, 2021 at 42.314
Smart Scan Analysis for EURNIO
Based on our trend formula, EURNIO is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).