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.
MarketClub’s Trade Triangles for GBPNIO
The long-term trend has been UP since Dec 3rd, 2020 at 47.010401
The intermediate-term trend has been UP since Dec 16th, 2020 at 47.180944
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).