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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Sidelines Mode (-55) - NIOGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.02072139 0.02075367 0.02057636 0.02063007 -0.00009100
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term down The long-term trend has been DOWN since Dec 3rd, 2020 at 0.02127189

intermediate term down The intermediate-term trend has been DOWN since Feb 10th, 2021 at 0.02069864

short term up The short-term trend has been UP since Mar 5th, 2021 at 0.02066033

Smart Scan Analysis for NIOGBP

Based on our trend formula, NIOGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02072139 0.02075367 0.02057636 0.02063007 -0.00009100
Prev. Close Volume Bid Ask Time
0.02072139 2021-03-08 19:32:27
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