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Forex Trend Analysis Report

Prepared for you on Tuesday, January 26, 2021.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Long-Term Uptrend (+90) - GBPNIO is in a strong uptrend that is likely to continue. While GBPNIO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
47.683150 47.697123 47.672671 47.686644 +0.003494
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term up The long-term trend has been UP since Dec 3rd, 2020 at 47.010401

intermediate term up The intermediate-term trend has been UP since Dec 16th, 2020 at 47.180944

short term up The short-term trend has been UP since Jan 19th, 2021 at 47.692690

Smart Scan Analysis for GBPNIO

Based on our trend formula, GBPNIO is rated as a +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
47.683150 47.697123 47.672671 47.686644 +0.003494
Prev. Close Volume Bid Ask Time
47.683150 2021-01-26 00:44:48
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