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.
MarketClub’s Trade Triangles for NIOUSD
The long-term trend has been DOWN since Dec 22nd, 2020 at 0.02855040
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.02859501
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).