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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low GBPNIO Price Change
41.9110 42.1435 41.8725 42.0265 +0.1155
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 Aug 29th, 2018 at 41.5465

short term down The short term trend has been DOWN since Sep 23rd, 2018 at 41.9380

Smart Scan Analysis for GBPNIO

Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.9110 42.1435 41.8725 42.0265 +0.1155
Prev. Close Volume Bid Ask Time
41.9110 42.0250 42.0280 2018-09-24 21:41:11
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