Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Colombian Peso/Argentine Peso (FOREX:COPARS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for COPARS
The long term trend has been UP since Aug 12th, 2019 at 0.01396700
The intermediate term trend has been UP since Dec 9th, 2019 at 0.01747028
The short term trend has been DOWN since Jan 9th, 2020 at 0.01822267
Smart Scan Analysis for COPARS
Based on a pre-defined weighted trend formula for chart analysis, COPARS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).