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.
MarketClub’s Trade Triangles for GBPNIO
The long term trend has been DOWN since May 1st, 2018 at 42.5190
The intermediate term trend has been UP since Jul 8th, 2018 at 42.1130
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).