Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Colombian Peso/Argentine Peso (FOREX:COPARS)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 COPARS
The long term trend has been UP since Jan 25th, 2016 at 0.004170
The intermediate term trend has been UP since Jan 17th, 2019 at 0.011995
The short term trend has been UP since Jan 16th, 2019 at 0.011847
Smart Scan Analysis for COPARS
Based on a pre-defined weighted trend formula for chart analysis, COPARS scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).