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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Countertrend Up (+85) - CADCOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CADCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADCOP
The long-term trend has been UP since Jun 13th, 2024 at 2909.2917
The intermediate-term trend has been UP since Nov 6th, 2024 at 3094.4898
The short-term trend has been UP since Nov 6th, 2024 at 3094.4898
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3164.6583 | 3164.6583 | 3156.3838 | 3156.3838 | -8.2745 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3164.6583 | 2024-12-05 21:06:08 |