Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Chilean Peso/Colombian Peso (FOREX:CLPCOP)
Long-Term Downtrend (-90) - CLPCOP is in a strong downtrend that is likely to continue. While CLPCOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Aug 15th, 2021 at 4.9866006
The intermediate-term trend has been DOWN since Aug 4th, 2021 at 5.0508282
The short-term trend has been DOWN since Sep 21st, 2021 at 4.8722946
Smart Scan Analysis for CLPCOP
Based on our trend formula, CLPCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).