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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Sidelines Mode (-55) - GBPNIO 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 GBPNIO?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNIO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPNIO
Open High Low GBPNIO Price Change
41.324693 42.024000 41.202838 41.990000 +0.665307
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term down The long-term trend has been DOWN since Mar 1st, 2020 at 43.213648

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 41.313345

short term up The short-term trend has been UP since May 26th, 2020 at 41.640354

Smart Scan Analysis for GBPNIO

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

-55
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.324693 42.024000 41.202838 41.990000 +0.665307
Prev. Close Volume Bid Ask Time
41.324693 41.986600 41.993400 2020-05-29 17:08:56
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