Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Strong Downtrend (-100) - NIOUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Jun 24th, 2020 at 0.02926312
The intermediate-term trend has been DOWN since Nov 18th, 2020 at 0.02868624
The short-term trend has been DOWN since Nov 17th, 2020 at 0.02869735
Smart Scan Analysis for NIOUSD
Based on our trend formula, NIOUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).