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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_GBPNIO
Open High Low GBPNIO Price Change
41.2345 41.9645 41.1005 41.9575 +0.7230
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term down The long term trend has been DOWN since May 13th, 2019 at 41.7595

intermediate term down The intermediate term trend has been DOWN since May 13th, 2019 at 42.2950

short term up The short term trend has been UP since Jul 18th, 2019 at 41.9490

Smart Scan Analysis for GBPNIO

Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored -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
41.2345 41.9645 41.1005 41.9575 +0.7230
Prev. Close Volume Bid Ask Time
41.2345 41.9560 41.9590 2019-07-19 16:52:27
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