Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Colombian Peso/Argentine Peso (FOREX:COPARS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 COPARS
The long term trend has been UP since Nov 4th, 2015 at 0.003310
The intermediate term trend has been DOWN since Oct 11th, 2018 at 0.012122
The short term trend has been DOWN since Oct 17th, 2018 at 0.011591
Smart Scan Analysis for COPARS
Based on a pre-defined weighted trend formula for chart analysis, COPARS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).