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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Weak Downtrend (-65) - NIOGBP is showing signs of a strengthening downtrend. Monitor NIOGBP as it may be building momentum to the downside.

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
0.02057580 0.02064438 0.02055691 0.02061730 +0.00004100
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term up The long-term trend has been UP since Jul 20th, 2021 at 0.02105716

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.02064454

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 0.02080001

Smart Scan Analysis for NIOGBP

Based on our trend formula, NIOGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02057580 0.02064438 0.02055691 0.02061730 +0.00004100
Prev. Close Volume Bid Ask Time
0.02057580 2021-10-21 16:21:39
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