Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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.
MarketClub’s Trade Triangles for USDNIO
The long term trend has been UP since Jul 6th, 2016 at 28.6750
The intermediate term trend has been DOWN since Mar 20th, 2019 at 32.6900
The short term trend has been UP since Mar 21st, 2019 at 32.8935
Smart Scan Analysis for USDNIO
Based on a pre-defined weighted trend formula for chart analysis, USDNIO scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).