Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Euro/Colombian Peso (FOREX:EURCOP)
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 EURCOP
The long term trend has been UP since Aug 19th, 2018 at 3437.6
The intermediate term trend has been DOWN since Jan 14th, 2019 at 3610.1
The short term trend has been DOWN since Dec 31st, 2018 at 3727.0
Smart Scan Analysis for EURCOP
Based on a pre-defined weighted trend formula for chart analysis, EURCOP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).