Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
British Pound/Colombian Peso (FOREX:GBPCOP)
Long-Term Uptrend (+90) - GBPCOP is in a strong uptrend that is likely to continue. While GBPCOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid
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 UP since Sep 23rd, 2019 at 4232.8000
The intermediate-term trend has been UP since Jan 21st, 2020 at 4331.0937
The short-term trend has been UP since Feb 11th, 2020 at 4464.5839
Smart Scan Analysis for GBPCOP
Based on our trend formula, GBPCOP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).