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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.029760 0.029760 0.029760 0.029760 0.000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long term trend has been DOWN since May 11th, 2017 at 0.033695

intermediate term down The intermediate term trend has been DOWN since Jul 31st, 2019 at 0.030260

short term down The short term trend has been DOWN since Aug 23rd, 2019 at 0.029840

Smart Scan Analysis for NIOUSD

Based on a pre-defined weighted trend formula for chart analysis, NIOUSD scored -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
0.029760 0.029760 0.029760 0.029760 0.000000
Prev. Close Volume Bid Ask Time
0.02976 0.029359 0.030160 2019-09-19 20:22:49
Want to analyze Nicaraguan Cordoba/US Dollar NIOUSD or another symbol? Try our Free Forex Trend Analysis Report.