Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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 DOWN since Feb 8th, 2021 at 34.525000
The intermediate-term trend has been UP since Feb 22nd, 2021 at 35.055000
The short-term trend has been UP since Feb 10th, 2021 at 34.901884
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).