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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.

FOREX_GBPNIO
Open High Low GBPNIO Price Change
48.625910 48.696060 48.546948 48.646180 +0.020270
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term down The long-term trend has been DOWN since Jul 20th, 2021 at 47.489796

intermediate term up The intermediate-term trend has been UP since Oct 15th, 2021 at 48.441262

short term up 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).

+70
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
48.625910 48.696060 48.546948 48.646180 +0.020270
Prev. Close Volume Bid Ask Time
48.625910 2021-10-22 06:45:23
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