Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
British Pound/Colombian Peso (FOREX:GBPCOP)
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 GBPCOP
The long term trend has been UP since Aug 31st, 2018 at 3920.00
The intermediate term trend has been DOWN since Dec 6th, 2018 at 4057.65
The short term trend has been DOWN since Dec 3rd, 2018 at 4146.45
Smart Scan Analysis for GBPCOP
Based on a pre-defined weighted trend formula for chart analysis, GBPCOP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).