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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Sidelines Mode (-55) - NIOGBP 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 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.

FOREX_NIOGBP
Open High Low NIOGBP Price Change
0.02069393 0.02081234 0.02061848 0.02062000 -0.00007400
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term up The long-term trend has been UP since Jul 20th, 2021 at 0.02105716

intermediate term down The intermediate-term trend has been DOWN since Dec 21st, 2021 at 0.02113647

short term up The short-term trend has been UP since Jan 18th, 2022 at 0.02071322

Smart Scan Analysis for NIOGBP

Based on our trend formula, NIOGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02069393 0.02081234 0.02061848 0.02062000 -0.00007400
Prev. Close Volume Bid Ask Time
0.02069393 2022-01-18 21:20:29
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