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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.

FOREX_USDNIO
Open High Low USDNIO Price Change
36.600749 36.765000 36.600749 36.765000 +0.164251
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term up The long-term trend has been UP since Oct 12th, 2023 at 36.794613

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 36.579224

short term down 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).

+65
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.600749 36.765000 36.600749 36.765000 +0.164251
Prev. Close Volume Bid Ask Time
36.600749 2023-12-08 13:43:26
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