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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NIOGBP
Open High Low NIOGBP Price Change
0.02278774 0.02282211 0.02242128 0.02247683 -0.00031100
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term down The long term trend has been DOWN since Oct 11th, 2019 at 0.02365100

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2019 at 0.02365100

short term down The short term trend has been DOWN since Jan 21st, 2020 at 0.02250846

Smart Scan Analysis for NIOGBP

Based on a pre-defined weighted trend formula for chart analysis, NIOGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02278774 0.02282211 0.02242128 0.02247683 -0.00031100
Prev. Close Volume Bid Ask Time
0.02278774 0.02247510 0.02247855 2020-01-21 20:56:16
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