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The most common reason for a foul odor coming from the nose is an infection in one or more of the sinus cavities. I would speak to your physician about this. A CT of the sinuses will be the most effective way to make this diagnosis. Unfortunately, a physical examination cannot do this.
Bloody Nasal Discharge. The NIAID states that nasal discharge from a sinus infection can be blood-tinged from excessive nose-blowing and irritation. The bloody discharge should be mixed with mucus and needs to be assessed by a medical doctor if the patient develops a consistent bloody nose. sinus infection is the inflammation of the sinus cavity due to a virus, bacteria or fungus, according to MayoClinic.com. A common symptom of sinusitis is nasal discharge that is thick, discolored and bloody due to irritation, inflammation and infection.