Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
US Dollar/Nicaraguan Cordoba (FOREX:USDNIO)
Sidelines Mode (-55) - USDNIO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 35.07000
The intermediate-term trend has been DOWN since Apr 1st, 2021 at 34.85731
The short-term trend has been UP since Apr 19th, 2021 at 35.09000
Smart Scan Analysis for USDNIO
Based on our trend formula, USDNIO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).