Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Bull Market Weakness (+75) - CADCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADCOP as it may be in the beginning stages 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 UP since May 5th, 2022 at 3111.9067
The intermediate-term trend has been UP since Jun 20th, 2022 at 3002.8192
The short-term trend has been UP since Jun 22nd, 2022 at 3004.3392
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).