Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)

Crossroads (+60) - USDNIO is struggling to move into a solid trend. Beware of choppy markets 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
36.574353 36.574353 36.444419 36.444419 -0.129934
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 35.885000

intermediate term up The intermediate-term trend has been UP since Mar 9th, 2023 at 36.585090

short term up The short-term trend has been UP since Mar 9th, 2023 at 36.566112

Smart Scan Analysis for USDNIO

Based on our trend formula, USDNIO is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.574353 36.574353 36.444419 36.444419 -0.129934
Prev. Close Volume Bid Ask Time
36.065118 2023-03-17 13:33:49
Get a free daily analysis and signals for US Dollar/Nicaraguan Cordoba (USDNIO) - Request Your Free Report.