Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Bear Market Rally (-75) - NIOUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NIOUSD as it may be in the beginning of a reversal.
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 UP since Dec 28th, 2020 at 0.02871523
The short-term trend has been DOWN since Feb 8th, 2021 at 0.02865634
Smart Scan Analysis for NIOUSD
Based on our trend formula, NIOUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).