Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
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.
MarketClub’s Trade Triangles for USDNIO
The long-term trend has been UP since Mar 9th, 2021 at 35.070000
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 35.131011
The short-term trend has been UP since Oct 19th, 2021 at 35.150000
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).