Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Nicaraguan Cordoba/US Dollar (FOREX:NIOUSD)
Bear Market Rally (-75) - NIOUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NIOUSD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for NIOUSD
The long-term trend has been DOWN since May 11th, 2017 at 0.03369500
The intermediate-term trend has been DOWN since Feb 10th, 2020 at 0.02960195
The short-term trend has been DOWN since Jan 31st, 2020 at 0.02965242
Smart Scan Analysis for NIOUSD
Based on our trend formula, NIOUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).