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Forex Trend Analysis Report

Prepared for you on Saturday, September 24, 2022.

British Pound/Nicaraguan Cordoba (FOREX:GBPNIO)

Long-Term Downtrend (-90) - GBPNIO is in a strong downtrend that is likely to continue. While GBPNIO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
40.486853 40.543823 39.005534 39.005534 -1.481319
Entry Signal

MarketClub’s Trade Triangles for GBPNIO

long term down The long-term trend has been DOWN since Apr 8th, 2022 at 46.486220

intermediate term down The intermediate-term trend has been DOWN since Aug 22nd, 2022 at 42.394774

short term down The short-term trend has been DOWN since Sep 15th, 2022 at 41.280661

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
40.486853 40.543823 39.005534 39.005534 -1.481319
Prev. Close Volume Bid Ask Time
39.063454 2022-09-23 17:08:58
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