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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Euro/Nicaraguan Cordoba (FOREX:EURNIO)

Long-Term Downtrend (-90) - EURNIO is in a strong downtrend that is likely to continue. While EURNIO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURNIO
Open High Low EURNIO Price Change
40.67 40.67 40.67 40.67 0.00
Entry Signal

MarketClub’s Trade Triangles for EURNIO

long term down The long-term trend has been DOWN since Aug 19th, 2021 at 41.129

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 41.317

short term down The short-term trend has been DOWN since Sep 13th, 2021 at 41.544

Smart Scan Analysis for EURNIO

Based on our trend formula, EURNIO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.67 40.67 40.67 40.67 0.00
Prev. Close Volume Bid Ask Time
40.88 2021-10-12 21:08:37
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