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.
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 Aug 29th, 2018 at 41.5465
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).