Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Euro/Colombian Peso (FOREX:EURCOP)
Long-Term Downtrend (-90) - EURCOP is in a strong downtrend that is likely to continue. While EURCOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURCOP
The long-term trend has been DOWN since Oct 3rd, 2021 at 4430.5
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 4488.8
The short-term trend has been DOWN since Sep 16th, 2021 at 4516.0
Smart Scan Analysis for EURCOP
Based on our trend formula, EURCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).