Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
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 UP since Feb 28th, 2023 at 0.00380789
The intermediate-term trend has been DOWN since Sep 30th, 2023 at 0.00465383
The short-term trend has been DOWN since Sep 30th, 2023 at 0.00471222
Smart Scan Analysis for COPZAR
Based on our trend formula, COPZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).