Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)
Strong Uptrend (+100) - GBPNIO is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPNIO continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for GBPNIO
The long-term trend has been UP since Dec 12th, 2022 at 45.037598
The intermediate-term trend has been UP since Mar 13th, 2023 at 44.412788
The short-term trend has been UP since Mar 28th, 2023 at 44.978950
Smart Scan Analysis for GBPNIO
Based on our trend formula, GBPNIO is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).