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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Sidelines Mode (+55) - GBPNIO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
46.865995 46.965848 46.834733 46.951305 +0.085310
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 45.899417

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 46.622296

short term down The short-term trend has been DOWN since May 26th, 2024 at 46.617375

Smart Scan Analysis for GBPNIO

Based on our trend formula, GBPNIO is rated as a +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
46.865995 46.965848 46.834733 46.951305 +0.085310
Prev. Close Volume Bid Ask Time
46.865995 2024-05-27 08:50:23
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