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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Costa Rican Colon (FOREX:USDCRC)

Long-Term Downtrend (-90) - USDCRC is in a strong downtrend that is likely to continue. While USDCRC is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDCRC?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCRC.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCRC
Open High Low USDCRC Price Change
503.39448 503.39448 503.25669 503.25669 -0.13779
Entry Signal

MarketClub’s Trade Triangles for USDCRC

long term down The long-term trend has been DOWN since Aug 19th, 2022 at 661.99071

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2023 at 529.68897

short term down The short-term trend has been DOWN since Feb 18th, 2024 at 516.32604

Smart Scan Analysis for USDCRC

Based on our trend formula, USDCRC is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDCRC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
503.39448 503.39448 503.25669 503.25669 -0.13779
Prev. Close Volume Bid Ask Time
503.39448 2024-03-29 03:30:08
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