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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Colombian Peso (FOREX:MXNCOP)
Long-Term Uptrend (+90) - MXNCOP is in a strong uptrend that is likely to continue. While MXNCOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MXNCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCOP.
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 MXNCOP
The long-term trend has been UP since Mar 13th, 2024 at 234.04127
The intermediate-term trend has been UP since May 2nd, 2024 at 230.89816
The short-term trend has been UP since May 7th, 2024 at 229.75347
Smart Scan Analysis for MXNCOP
Based on our trend formula, MXNCOP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 230.78912 | 230.78912 | 230.74405 | 230.74405 | -0.04507 |
| Prev. Close | Volume | Bid | Ask | Time |
| 229.74957 | 2024-05-07 21:05:08 |