Free Daily Analysis

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.

FOREX_USDNIO
Open High Low USDNIO Price Change
35.882838 35.882838 35.882838 35.882838 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term up The long-term trend has been UP since Feb 17th, 2022 at 35.872377

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2022 at 35.770000

short term up 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).

+55
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.882838 35.882838 35.882838 35.882838 0.000000
Prev. Close Volume Bid Ask Time
35.882838 2022-07-06 21:10:41
Get a free daily analysis and signals for US Dollar/Nicaraguan Cordoba (USDNIO) - Request Your Free Report.