Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 NIOGBP
The long term trend has been UP since May 2nd, 2018 at 0.023520
The intermediate term trend has been DOWN since Dec 31st, 2018 at 0.024131
The short term trend has been UP since Jan 15th, 2019 at 0.024165
Smart Scan Analysis for NIOGBP
Based on a pre-defined weighted trend formula for chart analysis, NIOGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).