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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.

FOREX_USDNIO
Open High Low USDNIO Price Change
35.206683 35.206683 35.206683 35.206683 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term up The long-term trend has been UP since Mar 9th, 2021 at 35.070000

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2021 at 35.131011

short term up 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).

+75
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.206683 35.206683 35.206683 35.206683 0.000000
Prev. Close Volume Bid Ask Time
35.190000 2021-10-19 07:16:41
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