Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Long-Term Uptrend (+90) - USDNIO is in a strong uptrend that is likely to continue. While USDNIO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Apr 14th, 2020 at 34.28000
The intermediate-term trend has been UP since Apr 10th, 2020 at 34.17857
The short-term trend has been UP since May 22nd, 2020 at 34.05000
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).