Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Euro/Nicaraguan Cordoba (FOREX:EURNIO)
Bear Market Rally (-75) - EURNIO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURNIO as it may be in the beginning of a reversal.
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 DOWN since Sep 22nd, 2023 at 39.11
The intermediate-term trend has been UP since Oct 24th, 2023 at 38.85
The short-term trend has been DOWN since Dec 6th, 2023 at 39.77
Smart Scan Analysis for EURNIO
Based on our trend formula, EURNIO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).