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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Crossroads (-60) - GBPNIO is struggling to move into a solid trend. Beware of choppy markets 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
46.489258 46.597746 46.336167 46.519440 +0.030182
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term up The long-term trend has been UP since Dec 14th, 2023 at 46.793408

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 46.452159

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 46.700011

Smart Scan Analysis for GBPNIO

Based on our trend formula, GBPNIO is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.489258 46.597746 46.336167 46.519440 +0.030182
Prev. Close Volume Bid Ask Time
46.489258 2024-03-28 20:32:35
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