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Forex Trend Analysis Report

Prepared for you on Monday, January 24, 2022.

US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)

Countertrend Up (+85) - USDNIO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_USDNIO
Open High Low USDNIO Price Change
35.430623 35.430623 35.430623 35.430623 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term up The long-term trend has been UP since Mar 9th, 2021 at 35.070000

intermediate term up The intermediate-term trend has been UP since Dec 16th, 2021 at 35.298701

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 35.400000

Smart Scan Analysis for USDNIO

Based on our trend formula, USDNIO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.430623 35.430623 35.430623 35.430623 0.000000
Prev. Close Volume Bid Ask Time
35.430623 2022-01-23 21:08:08
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