Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
Weak Downtrend (-65) - COPCLP is showing signs of a strengthening downtrend. Monitor COPCLP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid COPCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COPCLP
The long-term trend has been UP since Apr 7th, 2023 at 0.17793478
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 0.21974689
The short-term trend has been DOWN since Nov 19th, 2023 at 0.22291647
Smart Scan Analysis for COPCLP
Based on our trend formula, COPCLP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).