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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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
0.02150669 0.02152251 0.02150158 0.02150376 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for NIOGBP

long term down The long-term trend has been DOWN since Dec 14th, 2023 at 0.02136986

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 0.02152753

short term up The short-term trend has been UP since Mar 21st, 2024 at 0.02144954

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
0.02150669 0.02152251 0.02150158 0.02150376 -0.00000300
Prev. Close Volume Bid Ask Time
0.02150669 2024-03-29 05:07:18
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