Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Weak Uptrend (+65) - USDNIO is showing signs of weakening momentum to the upside. Monitor 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 Oct 12th, 2023 at 36.794613
The intermediate-term trend has been UP since Nov 28th, 2023 at 36.579224
The short-term trend has been DOWN since Dec 6th, 2023 at 36.730000
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).