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.
MarketClub’s Trade Triangles for NIOGBP
The long-term trend has been DOWN since Dec 3rd, 2020 at 0.02127189
The intermediate-term trend has been DOWN since Feb 10th, 2021 at 0.02069864
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).