Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Countertrend Down (-85) - COPMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Mar 30th, 2021 at 0.00555468
The intermediate-term trend has been DOWN since Mar 25th, 2021 at 0.00564067
The short-term trend has been UP since Apr 16th, 2021 at 0.00552500
Smart Scan Analysis for COPMXN
Based on our trend formula, COPMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).