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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Countertrend Down (-85) - NIOGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_NIOGBP
Open High Low NIOGBP Price Change
0.02091771 0.02105863 0.02091246 0.02103972 +0.00012200
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term down The long-term trend has been DOWN since Jul 11th, 2024 at 0.02108524

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.02119653

short term up The short-term trend has been UP since Jul 18th, 2024 at 0.02099098

Smart Scan Analysis for NIOGBP

Based on our trend formula, NIOGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02091771 0.02105863 0.02091246 0.02103972 +0.00012200
Prev. Close Volume Bid Ask Time
0.02091771 2024-07-19 17:01:56
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