Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Costa Rican Colon/US Dollar (FOREX:CRCUSD)
Sidelines Mode (+55) - CRCUSD 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 CRCUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CRCUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CRCUSD
The long-term trend has been UP since Aug 19th, 2022 at 0.00151121
The intermediate-term trend has been UP since Nov 12th, 2023 at 0.00188907
The short-term trend has been DOWN since Nov 23rd, 2023 at 0.00188530
Smart Scan Analysis for CRCUSD
Based on our trend formula, CRCUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).