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.

FOREX_COPMXN
Open High Low COPMXN Price Change
0.00506638 0.00507861 0.00506417 0.00507682 +0.00001000
Entry Signal

MarketClub’s Trade Triangles for COPMXN

long term down The long-term trend has been DOWN since Dec 17th, 2021 at 0.00515069

intermediate term down The intermediate-term trend has been DOWN since Dec 15th, 2021 at 0.00525913

short term down 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).

-90
Smart Scan Analysis for COPMXN
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Colombian Peso/Mexican Peso (COPMXN) - Request Your Free Report.