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.
MarketClub’s Trade Triangles for NIOGBP
The long-term trend has been UP since Jul 20th, 2021 at 0.02105716
The intermediate-term trend has been DOWN since Dec 21st, 2021 at 0.02113647
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).