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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2024.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Bull Market Weakness (+75) - GBPNIO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPNIO as it may be in the beginning stages of a reversal.

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
46.815745 47.147440 46.787650 46.920512 +0.104767
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term up The long-term trend has been UP since Sep 18th, 2024 at 48.850896

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 48.079392

short term up The short-term trend has been UP since Nov 26th, 2024 at 46.419650

Smart Scan Analysis for GBPNIO

Based on our trend formula, GBPNIO is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.815745 47.147440 46.787650 46.920512 +0.104767
Prev. Close Volume Bid Ask Time
46.815745 2024-12-06 17:06:26
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