Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NIOGBP
The long term trend has been DOWN since Apr 18th, 2017 at 0.026665
The intermediate term trend has been DOWN since Mar 19th, 2018 at 0.022850
The short term trend has been UP since Mar 20th, 2018 at 0.023000
Smart Scan Analysis for NIOGBP
Based on a pre-defined weighted trend formula for chart analysis, NIOGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).