Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Crossroads (-60) - CADCOP is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for CADCOP
The long-term trend has been UP since Mar 10th, 2020 at 2645.7839
The intermediate-term trend has been DOWN since May 11th, 2020 at 2793.4414
The short-term trend has been DOWN since May 20th, 2020 at 2769.8146
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).