Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Crossroads (-60) - NIOUSD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for NIOUSD
The long-term trend has been DOWN since Jul 22nd, 2021 at 0.02858348
The intermediate-term trend has been UP since Oct 18th, 2021 at 0.02846919
The short-term trend has been UP since Oct 18th, 2021 at 0.02846871
Smart Scan Analysis for NIOUSD
Based on our trend formula, NIOUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).