Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Euro/Colombian Peso (FOREX:EURCOP)
Crossroads (+60) - EURCOP is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Nov 12th, 2020 at 4390.9
The intermediate-term trend has been UP since Jan 22nd, 2021 at 4229.0
The short-term trend has been UP since Feb 22nd, 2021 at 4269.4
Smart Scan Analysis for EURCOP
Based on our trend formula, EURCOP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).