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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
41.8285 42.3380 41.6945 42.2150 +0.3865
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 down The short term trend has been DOWN since May 21st, 2019 at 41.8135

Smart Scan Analysis for GBPNIO

Based on a pre-defined weighted trend formula for chart analysis, GBPNIO scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPNIO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.8285 42.3380 41.6945 42.2150 +0.3865
Prev. Close Volume Bid Ask Time
41.8285 42.2130 42.2170 2019-05-21 14:56:00
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