Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Mexican Peso/Colombian Peso (FOREX:MXNCOP)
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 MXNCOP
The long term trend has been UP since Dec 23rd, 2018 at 162.925
The intermediate term trend has been UP since Dec 20th, 2018 at 160.885
The short term trend has been UP since Jan 14th, 2019 at 164.885
Smart Scan Analysis for MXNCOP
Based on a pre-defined weighted trend formula for chart analysis, MXNCOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).