Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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.
MarketClub’s Trade Triangles for GBPNIO
The long term trend has been UP since Jan 24th, 2019 at 42.6370
The intermediate term trend has been UP since Feb 25th, 2019 at 43.0245
The short term trend has been DOWN since Mar 20th, 2019 at 43.2920
Smart Scan Analysis for GBPNIO
Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).