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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.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.02734609 0.02744358 0.02734609 0.02744358 +0.00009700
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long-term trend has been DOWN since Jan 17th, 2023 at 0.02738149

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2023 at 0.02740652

short term up 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).

+50
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways 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
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