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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.

Open High Low NIOGBP Price Change
0.02286 0.02287 0.02283 0.02283 -0.00003
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term down The long term trend has been DOWN since Apr 18th, 2017 at 0.026665

intermediate term down The intermediate term trend has been DOWN since Mar 19th, 2018 at 0.022850

short term up 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).

Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02286 0.02287 0.02283 0.02283 -0.00003
Prev. Close Volume Bid Ask Time
0.02286 0.02283 0.02283 2018-03-21 04:50:14
Want to analyze Nicaraguan Cordoba/British Pound NIOGBP or another symbol? Try our Free Forex Trend Analysis Report.