Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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.
MarketClub’s Trade Triangles for GBPNIO
The long-term trend has been DOWN since Mar 1st, 2020 at 43.213648
The intermediate-term trend has been DOWN since May 12th, 2020 at 41.313345
The short-term trend has been UP since May 26th, 2020 at 41.640354
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).