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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Colombian Peso (FOREX:GBPCOP)
Sidelines Mode (-55) - GBPCOP 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 GBPCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCOP.
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 GBPCOP
The long-term trend has been DOWN since Apr 12th, 2023 at 5613.6672
The intermediate-term trend has been UP since Apr 26th, 2024 at 4871.5869
The short-term trend has been DOWN since May 5th, 2024 at 4887.3267
Smart Scan Analysis for GBPCOP
Based on our trend formula, GBPCOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4886.4735 | 4886.4735 | 4876.5884 | 4876.5884 | -9.8851 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4858.1942 | 2024-05-07 21:05:08 |