Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)
Strong Downtrend (-100) - NIOGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NIOGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NIOGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NIOGBP
The long-term trend has been DOWN since Dec 3rd, 2020 at 0.02127189
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 0.02057785
The short-term trend has been DOWN since Apr 12th, 2021 at 0.02074409
Smart Scan Analysis for NIOGBP
Based on our trend formula, NIOGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).