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Forex Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)

Long-Term Downtrend (-90) - NIOUSD is in a strong downtrend that is likely to continue. While NIOUSD 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 NIOUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NIOUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.02885427 0.02885427 0.02885427 0.02885427 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long-term trend has been DOWN since Dec 22nd, 2020 at 0.02855040

intermediate term down The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.02859501

short term down The short-term trend has been DOWN since Apr 7th, 2021 at 0.02865625

Smart Scan Analysis for NIOUSD

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

-90
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02885427 0.02885427 0.02885427 0.02885427 0.00000000
Prev. Close Volume Bid Ask Time
0.02885427 2021-05-08 11:31:03
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