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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)

Bull Market Weakness (+75) - USDNIO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDNIO as it may be in the beginning stages of a reversal.

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.

FOREX_USDNIO
Open High Low USDNIO Price Change
36.800000 37.225279 36.800000 37.225279 +0.425279
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term up The long-term trend has been UP since Feb 7th, 2024 at 36.800000

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2024 at 36.910823

short term up The short-term trend has been UP since Apr 10th, 2024 at 36.823415

Smart Scan Analysis for USDNIO

Based on our trend formula, USDNIO is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.800000 37.225279 36.800000 37.225279 +0.425279
Prev. Close Volume Bid Ask Time
36.775000 2024-04-10 21:04:05
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