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.
MarketClub’s Trade Triangles for NIOGBP
The long-term trend has been UP since Sep 17th, 2023 at 0.02210097
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.02215093
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).