Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Long-Term Downtrend (-90) - COPMXN is in a strong downtrend that is likely to continue. While COPMXN 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 COPMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for COPMXN
The long-term trend has been DOWN since Dec 17th, 2021 at 0.00515069
The intermediate-term trend has been DOWN since Dec 15th, 2021 at 0.00525913
The short-term trend has been DOWN since Jan 17th, 2022 at 0.00509617
Smart Scan Analysis for COPMXN
Based on our trend formula, COPMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00506638 | 0.00507861 | 0.00506417 | 0.00507682 | +0.00001000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00506638 | 2022-01-18 04:36:32 |