Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Euro/Nicaraguan Cordoba (FOREX:EURNIO)
Weak Downtrend (-65) - EURNIO is showing signs of a strengthening downtrend. Monitor EURNIO as it may be building momentum to the downside.
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 Nov 11th, 2022 at 36.773
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 39.544
The short-term trend has been DOWN since Mar 9th, 2023 at 38.766
Smart Scan Analysis for EURNIO
Based on our trend formula, EURNIO is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).