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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.

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
41.8745 41.8750 41.5910 41.6050 -0.2695
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 up The intermediate term trend has been UP since Jul 8th, 2018 at 42.1130

short term down The short term trend has been DOWN since Jul 17th, 2018 at 41.6125

Smart Scan Analysis for GBPNIO

Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.8745 41.8750 41.5910 41.6050 -0.2695
Prev. Close Volume Bid Ask Time
41.8745 41.6000 41.6100 2018-07-18 08:19:27
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