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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Sidelines Mode (-55) - CADCOP 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 CADCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADCOP
The long-term trend has been DOWN since Nov 14th, 2023 at 2905.5257
The intermediate-term trend has been UP since Apr 21st, 2024 at 2846.8220
The short-term trend has been DOWN since May 5th, 2024 at 2843.8800
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2841.5193 | 2841.5193 | 2841.5193 | 2841.5193 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2841.5193 | 2024-05-09 07:26:27 |