Forex Trend Analysis Report
Prepared for you on Sunday, February 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 Sep 23rd, 2018 at 37.448
The intermediate term trend has been UP since Dec 19th, 2018 at 36.964
The short term trend has been DOWN since Feb 6th, 2019 at 37.485
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).