Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Colombian Peso/Danish Krone (FOREX:COPDKK)
Countertrend Up (+85) - COPDKK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid COPDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COPDKK
The long-term trend has been UP since Apr 12th, 2023 at 0.00151030
The intermediate-term trend has been UP since Dec 4th, 2023 at 0.00172920
The short-term trend has been UP since Nov 29th, 2023 at 0.00169476
Smart Scan Analysis for COPDKK
Based on our trend formula, COPDKK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).