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.
MarketClub’s Trade Triangles for GBPNIO
The long term trend has been UP since Oct 11th, 2019 at 42.28100
The intermediate term trend has been UP since Oct 11th, 2019 at 42.28100
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).