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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.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.02839422 0.02839422 0.02839422 0.02839422 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long-term trend has been DOWN since Jul 22nd, 2021 at 0.02858348

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 0.02846919

short term up 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).

-60
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02839422 0.02839422 0.02839422 0.02839422 0.00000000
Prev. Close Volume Bid Ask Time
0.02839422 2021-10-27 07:18:58
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