Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Oct 5th, 2017 at 0.006250
The intermediate term trend has been DOWN since Jun 28th, 2018 at 0.006780
The short term trend has been UP since Jul 19th, 2018 at 0.006636
Smart Scan Analysis for COPMXN
Based on a pre-defined weighted trend formula for chart analysis, COPMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).