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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.

FOREX_COPMXN
Open High Low COPMXN Price Change
0.00529018 0.00529864 0.00522943 0.00523467 -0.00005600
Entry Signal

MarketClub’s Trade Triangles for COPMXN

long term down The long-term trend has been DOWN since Mar 30th, 2021 at 0.00555468

intermediate term down The intermediate-term trend has been DOWN since Mar 25th, 2021 at 0.00564067

short term up 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).

-85
Smart Scan Analysis for COPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00529018 0.00529864 0.00522943 0.00523467 -0.00005600
Prev. Close Volume Bid Ask Time
0.00529018 2021-05-06 14:14:12
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