Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Strong Downtrend (-100) - CADCOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADCOP continues to fall. Traders should use caution and set stops.
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 Nov 14th, 2023 at 2905.5257
The intermediate-term trend has been DOWN since Oct 19th, 2023 at 3107.8623
The short-term trend has been DOWN since Nov 29th, 2023 at 2941.9671
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).