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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Bull Market Weakness (+75) - GBPNIO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPNIO as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPNIO?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNIO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPNIO
Open High Low GBPNIO Price Change
46.290552 46.461163 46.152176 46.441590 +0.151038
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term down The long-term trend has been DOWN since Sep 17th, 2023 at 45.246882

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 45.144826

short term up The short-term trend has been UP since Nov 14th, 2023 at 45.065930

Smart Scan Analysis for GBPNIO

Based on our trend formula, GBPNIO is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.290552 46.461163 46.152176 46.441590 +0.151038
Prev. Close Volume Bid Ask Time
46.290552 2023-11-29 08:13:49
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