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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

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_GBPNIO
Open High Low GBPNIO Price Change
44.181537 44.336171 43.871345 43.911320 -0.270217
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term up The long term trend has been UP since Oct 11th, 2019 at 42.28100

intermediate term up The intermediate term trend has been UP since Oct 11th, 2019 at 42.28100

short term up The short term trend has been UP since Jan 16th, 2020 at 44.35353

Smart Scan Analysis for GBPNIO

Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored +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
44.181537 44.336171 43.871345 43.911320 -0.270217
Prev. Close Volume Bid Ask Time
44.181537 43.858863 43.963776 2020-01-17 17:14:30
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