Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Euro/Nicaraguan Cordoba (FOREX:EURNIO)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURNIO
The long term trend has been UP since Jun 24th, 2019 at 37.462
The intermediate term trend has been UP since Jun 9th, 2019 at 36.829
The short term trend has been DOWN since Jul 2nd, 2019 at 37.356
Smart Scan Analysis for EURNIO
Based on a pre-defined weighted trend formula for chart analysis, EURNIO scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).