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.
MarketClub’s Trade Triangles for GBPNIO
The long-term trend has been DOWN since Apr 8th, 2022 at 46.486220
The intermediate-term trend has been DOWN since Aug 22nd, 2022 at 42.394774
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).