Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Nicaraguan Cordoba/British Pound (FOREX:NIOGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for NIOGBP
The long term trend has been DOWN since Jan 24th, 2019 at 0.023452
The intermediate term trend has been DOWN since Feb 25th, 2019 at 0.023242
The short term trend has been UP since Mar 20th, 2019 at 0.023099
Smart Scan Analysis for NIOGBP
Based on a pre-defined weighted trend formula for chart analysis, NIOGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).