Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Apr 18th, 2017 at 37.5065
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 43.6080
The short term trend has been DOWN since Apr 18th, 2018 at 44.3730
Smart Scan Analysis for GBPNIO
Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).