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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Colombian Peso/Canadian Dollar (FOREX:COPCAD)
Sidelines Mode (+55) - COPCAD 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 COPCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPCAD.
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 COPCAD
The long-term trend has been UP since Nov 14th, 2023 at 0.00034422
The intermediate-term trend has been DOWN since Apr 21st, 2024 at 0.00035132
The short-term trend has been UP since May 5th, 2024 at 0.00035168
Smart Scan Analysis for COPCAD
Based on our trend formula, COPCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00035122 | 0.00035208 | 0.00035122 | 0.00035208 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00035308 | 2024-05-07 21:05:08 |