Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Bull Market Weakness (+75) - USDNIO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDNIO as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for USDNIO
The long-term trend has been UP since Jul 30th, 2019 at 33.550000
The intermediate-term trend has been DOWN since Jan 28th, 2020 at 33.728584
The short-term trend has been UP since Feb 10th, 2020 at 34.175000
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).