Forex Trend Analysis Report
Prepared for you on Saturday, December 5, 2020.
Chilean Peso/Colombian Peso (FOREX:CLPCOP)
Countertrend Down (-85) - CLPCOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CLPCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CLPCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CLPCOP
The long-term trend has been DOWN since Nov 25th, 2020 at 4.6964240
The intermediate-term trend has been DOWN since Nov 11th, 2020 at 4.8113774
The short-term trend has been UP since Dec 2nd, 2020 at 4.7309877
Smart Scan Analysis for CLPCOP
Based on our trend formula, CLPCOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).