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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)

Sidelines Mode (+55) - NIOUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.02717642 0.02717642 0.02717642 0.02717642 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term up The long-term trend has been UP since Jun 3rd, 2024 at 0.02731131

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.02714549

short term up The short-term trend has been UP since Jun 12th, 2024 at 0.02720829

Smart Scan Analysis for NIOUSD

Based on our trend formula, NIOUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02717642 0.02717642 0.02717642 0.02717642 0.00000000
Prev. Close Volume Bid Ask Time
0.02717642 2024-06-14 07:26:18
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