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Forex Trend Analysis Report

Prepared for you on Saturday, December 15, 2018.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPNIO
Open High Low GBPNIO Price Change
40.8105 40.8105 40.8105 40.8105 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term down The long term trend has been DOWN since May 1st, 2018 at 42.5190

intermediate term down The intermediate term trend has been DOWN since Nov 29th, 2018 at 41.0565

short term down The short term trend has been DOWN since Dec 10th, 2018 at 41.1750

Smart Scan Analysis for GBPNIO

Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.8105 40.8105 40.8105 40.8105 0.0000
Prev. Close Volume Bid Ask Time
40.8105 40.8070 40.8140 2018-12-15 02:24:07
Want to analyze British Pound/Nicaraguan Cordoba GBPNIO or another symbol? Try our Free Forex Trend Analysis Report.