Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 UP since Oct 8th, 2017 at 0.025315
The short term trend has been DOWN since Oct 18th, 2017 at 0.024770
Smart Scan Analysis for NIOGBP
Based on a pre-defined weighted trend formula for chart analysis, NIOGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).