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Forex Trend Analysis Report

Prepared for you on Monday, November 19, 2018.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_NIOGBP
Open High Low NIOGBP Price Change
0.024271 0.024284 0.024271 0.024282 +0.000011
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term up The long term trend has been UP since May 2nd, 2018 at 0.023520

intermediate term down The intermediate term trend has been DOWN since Nov 7th, 2018 at 0.023492

short term up The short term trend has been UP since Nov 15th, 2018 at 0.024099

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).

+75
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.024271 0.024284 0.024271 0.024282 +0.000011
Prev. Close Volume Bid Ask Time
0.024271 0.024280 0.024284 2018-11-19 00:39:27
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