Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Colombian Peso/Canadian Dollar (FOREX:COPCAD)
Sidelines Mode (+50) - COPCAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until COPCAD can gain momentum.
Is it time to buy, sell, or avoid COPCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COPCAD
The long-term trend has been DOWN since May 5th, 2022 at 0.00032139
The intermediate-term trend has been UP since Jul 29th, 2022 at 0.00029244
The short-term trend has been UP since Jul 29th, 2022 at 0.00029244
Smart Scan Analysis for COPCAD
Based on our trend formula, COPCAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).