Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADCOP
The long term trend has been UP since Aug 14th, 2018 at 2258.9
The intermediate term trend has been DOWN since Dec 6th, 2018 at 2396.1
The short term trend has been DOWN since Dec 4th, 2018 at 2445.7
Smart Scan Analysis for CADCOP
Based on a pre-defined weighted trend formula for chart analysis, CADCOP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).