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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Colombian Peso/South African Rand (FOREX:COPZAR)

Bull Market Weakness (+75) - COPZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on COPZAR as it may be in the beginning stages of a reversal.

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.

FOREX_COPZAR
Open High Low COPZAR Price Change
0.00492283 0.00492283 0.00488961 0.00488961 -0.00003300
Entry Signal

MarketClub’s Trade Triangles for COPZAR

long term up The long-term trend has been UP since Dec 28th, 2023 at 0.00480735

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 0.00487200

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.00478677

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).

+70
Smart Scan Analysis for COPZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00492283 0.00492283 0.00488961 0.00488961 -0.00003300
Prev. Close Volume Bid Ask Time
0.00489158 2024-03-28 23:30:00
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