Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, December 1, 2021.

Euro/Nicaraguan Cordoba (FOREX:EURNIO)

Long-Term Downtrend (-90) - EURNIO is in a strong downtrend that is likely to continue. While EURNIO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURNIO?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURNIO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURNIO
Open High Low EURNIO Price Change
39.978 39.978 39.978 39.978 0.000
Entry Signal

MarketClub’s Trade Triangles for EURNIO

long term down The long-term trend has been DOWN since Aug 19th, 2021 at 41.129

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2021 at 40.805

short term down The short-term trend has been DOWN since Nov 9th, 2021 at 40.847

Smart Scan Analysis for EURNIO

Based on our trend formula, EURNIO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.978 39.978 39.978 39.978 0.000
Prev. Close Volume Bid Ask Time
39.978 2021-11-30 07:19:13
Get a free daily analysis and signals for Euro/Nicaraguan Cordoba (EURNIO) - Request Your Free Report.