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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.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.0285504 0.0285504 0.0285504 0.0285504 0.0000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long-term trend has been DOWN since Jun 24th, 2020 at 0.02926312

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2020 at 0.02868624

short term down 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).

-100
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0285504 0.0285504 0.0285504 0.0285504 0.0000000
Prev. Close Volume Bid Ask Time
0.0285504 2020-11-23 21:07:11
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