Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 COPMXN
The long term trend has been DOWN since Jul 26th, 2018 at 0.006440
The intermediate term trend has been UP since Oct 29th, 2018 at 0.006304
The short term trend has been UP since Nov 8th, 2018 at 0.006318
Smart Scan Analysis for COPMXN
Based on a pre-defined weighted trend formula for chart analysis, COPMXN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).