Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
British Pound/Colombian Peso (FOREX:GBPCOP)
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 GBPCOP
The long term trend has been DOWN since Apr 1st, 2018 at 3920.15
The intermediate term trend has been DOWN since May 27th, 2018 at 3826.10
The short term trend has been DOWN since Jun 17th, 2018 at 3803.00
Smart Scan Analysis for GBPCOP
Based on a pre-defined weighted trend formula for chart analysis, GBPCOP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).