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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.

FOREX_NIOGBP
Open High Low NIOGBP Price Change
0.02045938 0.02046594 0.02043798 0.02044945 -0.00001000
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term down The long-term trend has been DOWN since Dec 3rd, 2020 at 0.02127189

intermediate term down The intermediate-term trend has been DOWN since Apr 19th, 2021 at 0.02057785

short term down 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).

-100
Smart Scan Analysis for NIOGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02045938 0.02046594 0.02043798 0.02044945 -0.00001000
Prev. Close Volume Bid Ask Time
0.02045938 2021-05-06 03:28:44
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