Forex Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
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 Feb 17th, 2022 at 35.872377
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 35.770000
The short-term trend has been UP since Jul 6th, 2022 at 35.861580
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).