Forex Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Countertrend Up (+85) - USDNIO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Mar 9th, 2021 at 35.070000
The intermediate-term trend has been UP since Dec 16th, 2021 at 35.298701
The short-term trend has been DOWN since Jan 18th, 2022 at 35.400000
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).