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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Canadian Dollar/Colombian Peso (FOREX:CADCOP)

Sidelines Mode (+55) - CADCOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CADCOP
Open High Low CADCOP Price Change
3501.9089 3501.9089 3501.9089 3501.9089 0.0000
Entry Signal

MarketClub’s Trade Triangles for CADCOP

long term up The long-term trend has been UP since May 5th, 2022 at 3111.9067

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2023 at 3508.2199

short term up The short-term trend has been UP since Mar 18th, 2023 at 3466.2940

Smart Scan Analysis for CADCOP

Based on our trend formula, CADCOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3501.9089 3501.9089 3501.9089 3501.9089 0.0000
Prev. Close Volume Bid Ask Time
3443.3953 2023-03-18 03:55:50
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