Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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.
MarketClub’s Trade Triangles for GBPNIO
The long-term trend has been DOWN since Jul 20th, 2021 at 47.489796
The intermediate-term trend has been UP since Oct 15th, 2021 at 48.441262
The short-term trend has been UP since Oct 13th, 2021 at 48.083749
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).