Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
British Pound/Colombian Peso (FOREX:GBPCOP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 GBPCOP
The long term trend has been DOWN since Apr 1st, 2018 at 3920.15
The intermediate term trend has been UP since Aug 14th, 2018 at 3832.35
The short term trend has been UP since Aug 14th, 2018 at 3756.15
Smart Scan Analysis for GBPCOP
Based on a pre-defined weighted trend formula for chart analysis, GBPCOP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).