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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

US Dollar/Costa Rican Colon (FOREX:USDCRC)

Weak Downtrend (-65) - USDCRC is showing signs of a strengthening downtrend. Monitor USDCRC as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDCRC?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCRC.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCRC
Open High Low USDCRC Price Change
510.26856 510.26856 510.26856 510.26856 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDCRC

long term down The long-term trend has been DOWN since Aug 19th, 2022 at 661.99071

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 501.71006

short term down The short-term trend has been DOWN since May 5th, 2024 at 510.22512

Smart Scan Analysis for USDCRC

Based on our trend formula, USDCRC is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDCRC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
510.26856 510.26856 510.26856 510.26856 0.00000
Prev. Close Volume Bid Ask Time
512.15221 2024-05-06 01:56:05
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