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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Sidelines Mode (+50) - NIOUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NIOUSD can gain momentum.
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.
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MarketClub’s Trade Triangles for NIOUSD
The long-term trend has been DOWN since Jan 17th, 2023 at 0.02738149
The intermediate-term trend has been UP since Feb 19th, 2023 at 0.02740652
The short-term trend has been UP since Mar 10th, 2023 at 0.02735224
Smart Scan Analysis for NIOUSD
Based on our trend formula, NIOUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02734609 | 0.02744358 | 0.02734609 | 0.02744358 | +0.00009700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02773221 | 2023-03-17 13:33:49 |