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.
MarketClub’s Trade Triangles for EURNIO
The long-term trend has been DOWN since Aug 19th, 2021 at 41.129
The intermediate-term trend has been DOWN since Nov 9th, 2021 at 40.805
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).