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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Colombian Peso (FOREX:GBPCOP)

Weak Downtrend (-65) - GBPCOP is showing signs of a strengthening downtrend. Monitor GBPCOP as it may be building momentum to the downside.

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.

FOREX_GBPCOP
Open High Low GBPCOP Price Change
4618.3604 4618.3604 4618.3604 4618.3604 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPCOP

long term up The long-term trend has been UP since Sep 23rd, 2019 at 4232.8000

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 4856.2246

short term down The short-term trend has been DOWN since May 8th, 2020 at 4942.8655

Smart Scan Analysis for GBPCOP

Based on our trend formula, GBPCOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4618.3604 4618.3604 4618.3604 4618.3604 0.0000
Prev. Close Volume Bid Ask Time
4618.3604 4562.6181 4674.1027 2020-06-01 07:17:49
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