Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 COPMXN
The long term trend has been DOWN since Dec 24th, 2018 at 0.006053
The intermediate term trend has been DOWN since Dec 20th, 2018 at 0.006174
The short term trend has been DOWN since Jan 13th, 2019 at 0.006059
Smart Scan Analysis for COPMXN
Based on a pre-defined weighted trend formula for chart analysis, COPMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).