Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/Colombian Peso (FOREX:GBPCOP)
Sidelines Mode (+50) - GBPCOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPCOP can gain momentum.
Is it time to buy, sell, or avoid GBPCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCOP
The long-term trend has been DOWN since Oct 3rd, 2021 at 5175.9393
The intermediate-term trend has been UP since Oct 19th, 2021 at 5202.1668
The short-term trend has been UP since Oct 19th, 2021 at 5153.8682
Smart Scan Analysis for GBPCOP
Based on our trend formula, GBPCOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).