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Forex Trend Analysis Report

Prepared for you on Tuesday, October 15, 2024.

Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)

Strong Downtrend (-100) - NIOUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NIOUSD continues to fall. Traders should use caution and set stops.

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

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

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FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.02717471 0.02717471 0.02717471 0.02717471 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long-term trend has been DOWN since Oct 4th, 2024 at 0.02706802

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2024 at 0.02712221

short term down The short-term trend has been DOWN since Oct 4th, 2024 at 0.02716668

Smart Scan Analysis for NIOUSD

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

-100
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02717471 0.02717471 0.02717471 0.02717471 0.00000000
Prev. Close Volume Bid Ask Time
0.02717471 2024-10-15 07:25:24
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