Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 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 UP since Dec 3rd, 2020 at 47.010401
The intermediate-term trend has been UP since Feb 10th, 2021 at 48.228264
The short-term trend has been DOWN since Feb 25th, 2021 at 48.841233
Smart Scan Analysis for GBPNIO
Based on our trend formula, GBPNIO is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).