Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Bull Market Weakness (+75) - NIOUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NIOUSD as it may be in the beginning stages of a reversal.
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 UP since Mar 23rd, 2020 at 0.02975371
The intermediate-term trend has been UP since Mar 23rd, 2020 at 0.02968202
The short-term trend has been UP since Mar 19th, 2020 at 0.02962709
Smart Scan Analysis for NIOUSD
Based on our trend formula, NIOUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).