Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Euro/Colombian Peso (FOREX:EURCOP)
Sidelines Mode (-55) - EURCOP 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 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 UP since Jun 28th, 2022 at 4311.3
The intermediate-term trend has been DOWN since Feb 28th, 2023 at 5057.4
The short-term trend has been UP since Mar 18th, 2023 at 5025.8
Smart Scan Analysis for EURCOP
Based on our trend formula, EURCOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).