Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 Jul 26th, 2018 at 0.006440
The intermediate term trend has been DOWN since Jun 28th, 2018 at 0.006780
The short term trend has been DOWN since Sep 18th, 2018 at 0.006209
Smart Scan Analysis for COPMXN
Based on a pre-defined weighted trend formula for chart analysis, COPMXN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).