Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Sidelines Mode (+55) - USDNIO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDNIO?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNIO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDNIO
The long-term trend has been UP since Nov 6th, 2020 at 34.997367
The intermediate-term trend has been UP since Oct 19th, 2020 at 34.843075
The short-term trend has been DOWN since Nov 25th, 2020 at 34.830000
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).