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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.

FOREX_USDNIO
Open High Low USDNIO Price Change
34.892075 35.025000 34.892075 35.025000 +0.132925
Entry Signal

MarketClub’s Trade Triangles for USDNIO

long term down The long-term trend has been DOWN since Feb 8th, 2021 at 34.525000

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 35.055000

short term up 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).

+70
Smart Scan Analysis for USDNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.892075 35.025000 34.892075 35.025000 +0.132925
Prev. Close Volume Bid Ask Time
34.892075 2021-02-24 13:13:16
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