Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Colombian Peso/South African Rand (FOREX:COPZAR)
Weak Downtrend (-65) - COPZAR is showing signs of a strengthening downtrend. Monitor COPZAR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid COPZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COPZAR
The long-term trend has been DOWN since Jul 14th, 2022 at 0.00384991
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.00378056
The short-term trend has been DOWN since Jun 22nd, 2022 at 0.00407973
Smart Scan Analysis for COPZAR
Based on our trend formula, COPZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).