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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Colombian Peso (FOREX:EURCOP)
Crossroads (+60) - EURCOP 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 EURCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCOP.
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 EURCOP
The long-term trend has been DOWN since Apr 13th, 2023 at 4925.6
The intermediate-term trend has been UP since Apr 17th, 2024 at 4171.8
The short-term trend has been UP since May 2nd, 2024 at 4178.2
Smart Scan Analysis for EURCOP
Based on our trend formula, EURCOP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4194.5 | 4194.5 | 4194.5 | 4194.5 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4178.8 | 2024-05-07 21:05:08 |