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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)

Weak Downtrend (-65) - NIOUSD is showing signs of a strengthening downtrend. Monitor NIOUSD as it may be building momentum to the downside.

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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NIOUSD
Open High Low NIOUSD Price Change
0.02717085 0.02717085 0.02717085 0.02717085 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NIOUSD

long term down The long-term trend has been DOWN since Feb 14th, 2024 at 0.02718715

intermediate term up The intermediate-term trend has been UP since Apr 23rd, 2024 at 0.02724670

short term down The short-term trend has been DOWN since May 20th, 2024 at 0.02714821

Smart Scan Analysis for NIOUSD

Based on our trend formula, NIOUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NIOUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02717085 0.02717085 0.02717085 0.02717085 0.00000000
Prev. Close Volume Bid Ask Time
0.02716204 2024-05-23 07:26:12
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