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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)
Countertrend Down (-85) - GBPNIO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPNIO?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNIO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPNIO
The long-term trend has been DOWN since Apr 1st, 2024 at 45.899417
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 46.452159
The short-term trend has been UP since Apr 17th, 2024 at 46.019190
Smart Scan Analysis for GBPNIO
Based on our trend formula, GBPNIO is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 45.860923 | 46.002373 | 45.761054 | 45.884369 | +0.023446 |
| Prev. Close | Volume | Bid | Ask | Time |
| 45.860923 | 2024-04-19 09:45:27 |