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.
MarketClub’s Trade Triangles for GBPNIO
The long term trend has been DOWN since May 13th, 2019 at 41.7595
The intermediate term trend has been DOWN since May 13th, 2019 at 42.2950
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).