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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)

Crossroads (+60) - NIOGBP is struggling to move into a solid trend. Beware of choppy markets 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
0.02211630 0.02216847 0.02206911 0.02213008 +0.00001400
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term down The long-term trend has been DOWN since Dec 12th, 2022 at 0.02220421

intermediate term up The intermediate-term trend has been UP since May 18th, 2023 at 0.02208917

short term up The short-term trend has been UP since May 10th, 2023 at 0.02172542

Smart Scan Analysis for NIOGBP

Based on our trend formula, NIOGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02211630 0.02216847 0.02206911 0.02213008 +0.00001400
Prev. Close Volume Bid Ask Time
0.02211630 2023-05-29 12:21:49
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