Forex Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
British Pound/Colombian Peso (FOREX:GBPCOP)
Strong Downtrend (-100) - GBPCOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCOP continues to fall. Traders should use caution and set stops.
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 Apr 12th, 2023 at 5613.6672
The intermediate-term trend has been DOWN since May 18th, 2023 at 5620.3044
The short-term trend has been DOWN since May 5th, 2023 at 5829.5534
Smart Scan Analysis for GBPCOP
Based on our trend formula, GBPCOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).