Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Bear Market Rally (-75) - CADCOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADCOP as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for CADCOP
The long-term trend has been DOWN since Sep 2nd, 2021 at 2988.1092
The intermediate-term trend has been DOWN since Aug 16th, 2021 at 3093.3177
The short-term trend has been UP since Oct 9th, 2021 at 3006.5168
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).