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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Colombian Peso/US Dollar (FOREX:COPUSD)

Sidelines Mode (+55) - COPUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid COPUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for COPUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_COPUSD
Open High Low COPUSD Price Change
0.00025912 0.00025912 0.00025912 0.00025912 0.00000000
Entry Signal

MarketClub’s Trade Triangles for COPUSD

long term up The long-term trend has been UP since Dec 27th, 2023 at 0.00025715

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 0.00025918

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.00025762

Smart Scan Analysis for COPUSD

Based on our trend formula, COPUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for COPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00025912 0.00025912 0.00025912 0.00025912 0.00000000
Prev. Close Volume Bid Ask Time
0.00025912 2024-05-30 00:00:44
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