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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Colombian Peso (FOREX:GBPCOP)
Countertrend Up (+85) - GBPCOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for GBPCOP
The long-term trend has been UP since Jun 5th, 2024 at 5022.2552
The intermediate-term trend has been UP since Nov 6th, 2024 at 5563.4116
The short-term trend has been UP since Oct 21st, 2024 at 5547.4863
Smart Scan Analysis for GBPCOP
Based on our trend formula, GBPCOP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5592.7085 | 5592.7085 | 5592.7085 | 5592.7085 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5692.6030 | 2024-11-12 07:25:07 |