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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Crossroads (-60) - NIOGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.02160268 0.02164039 0.02158562 0.02163425 +0.00003200
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term up The long-term trend has been UP since Sep 17th, 2023 at 0.02210097

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.02215093

short term down The short-term trend has been DOWN since Nov 14th, 2023 at 0.02218998

Smart Scan Analysis for NIOGBP

Based on our trend formula, NIOGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02160268 0.02164039 0.02158562 0.02163425 +0.00003200
Prev. Close Volume Bid Ask Time
0.02160268 2023-11-29 02:55:49
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