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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Euro/Nicaraguan Cordoba (FOREX:EURNIO)

Crossroads (-60) - EURNIO 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 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
39.74 39.74 39.74 39.74 0.00
Entry Signal

MarketClub’s Trade Triangles for EURNIO

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 39.36

intermediate term up The intermediate-term trend has been UP since May 12th, 2024 at 39.65

short term up The short-term trend has been UP since May 12th, 2024 at 39.55

Smart Scan Analysis for EURNIO

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

-60
Smart Scan Analysis for EURNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.74 39.74 39.74 39.74 0.00
Prev. Close Volume Bid Ask Time
39.90 2024-05-14 21:01:10
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