Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 May 22nd, 2019 at 33.1500
The intermediate term trend has been UP since May 22nd, 2019 at 33.1500
The short term trend has been DOWN since May 24th, 2019 at 32.9415
Smart Scan Analysis for USDNIO
Based on a pre-defined weighted trend formula for chart analysis, USDNIO scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).