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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Canadian Dollar/Colombian Peso (FOREX:CADCOP)

Long-Term Uptrend (+90) - CADCOP is in a strong uptrend that is likely to continue. While CADCOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
3005.034 3005.034 3005.034 3005.034 0.000
Entry Signal

MarketClub’s Trade Triangles for CADCOP

long term up The long-term trend has been UP since Jun 13th, 2024 at 2909.2917

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2024 at 2847.6061

short term up The short-term trend has been UP since Jun 5th, 2024 at 2839.4733

Smart Scan Analysis for CADCOP

Based on our trend formula, CADCOP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CADCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3005.034 3005.034 3005.034 3005.034 0.000
Prev. Close Volume Bid Ask Time
3005.034 2024-06-19 03:18:39
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