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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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, NIOUSD 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.

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FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.0273437 0.0273437 0.0273437 0.0273437 0.0000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long-term trend has been DOWN since Oct 12th, 2023 at 0.02718194

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.02738424

short term down The short-term trend has been DOWN since Nov 24th, 2023 at 0.02738424

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
0.0273437 0.0273437 0.0273437 0.0273437 0.0000000
Prev. Close Volume Bid Ask Time
0.0273115 2023-11-28 07:28:27
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