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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

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
34.847809 34.880000 34.721436 34.721436 -0.126373
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term up The long-term trend has been UP since Nov 6th, 2020 at 34.997367

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2020 at 34.843075

short term down The short-term trend has been DOWN since Nov 25th, 2020 at 34.830000

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
34.847809 34.880000 34.721436 34.721436 -0.126373
Prev. Close Volume Bid Ask Time
34.817314 2020-11-25 21:00:37
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