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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

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
36.423 36.423 36.423 36.423 0.000
Entry Signal

MarketClub’s Trade Triangles for EURNIO

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 37.076

intermediate term down The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 37.462

short term down The short-term trend has been DOWN since Feb 10th, 2020 at 37.234

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
36.423 36.423 36.423 36.423 0.000
Prev. Close Volume Bid Ask Time
36.559 35.923 36.923 2020-02-20 07:21:21
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