Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
Euro/Colombian Peso (FOREX:EURCOP)
Weak Downtrend (-65) - EURCOP is showing signs of a strengthening downtrend. Monitor EURCOP as it may be building momentum to the downside.
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 Mar 9th, 2020 at 3885.9
The intermediate-term trend has been DOWN since May 11th, 2020 at 4253.3
The short-term trend has been DOWN since Jun 5th, 2020 at 4114.9
Smart Scan Analysis for EURCOP
Based on our trend formula, EURCOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).