Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)
Weak Downtrend (-65) - NIOGBP is showing signs of a strengthening downtrend. Monitor NIOGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid NIOGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NIOGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NIOGBP
The long-term trend has been UP since Jul 20th, 2021 at 0.02105716
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.02064454
The short-term trend has been DOWN since Oct 13th, 2021 at 0.02080001
Smart Scan Analysis for NIOGBP
Based on our trend formula, NIOGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).