Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
British Pound/Colombian Peso (FOREX:GBPCOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Oct 9th, 2018 at 3976.15
The short term trend has been UP since Oct 3rd, 2018 at 3885.10
Smart Scan Analysis for GBPCOP
Based on a pre-defined weighted trend formula for chart analysis, GBPCOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).