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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.

FOREX_EURCOP
Open High Low EURCOP Price Change
4364.5 4364.5 4364.5 4364.5 0.0
Entry Signal

MarketClub’s Trade Triangles for EURCOP

long term down The long-term trend has been DOWN since Oct 3rd, 2021 at 4430.5

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2021 at 4488.8

short term down 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).

-90
Smart Scan Analysis for EURCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4364.5 4364.5 4364.5 4364.5 0.0
Prev. Close Volume Bid Ask Time
4342.4 2021-10-09 04:08:08
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