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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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.

FOREX_GBPCOP
Open High Low GBPCOP Price Change
4838.6760 4851.7633 4838.6760 4851.7633 +13.0873
Entry Signal

MarketClub’s Trade Triangles for GBPCOP

long term down The long-term trend has been DOWN since Apr 12th, 2023 at 5613.6672

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 4965.0897

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 4857.3266

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).

-100
Smart Scan Analysis for GBPCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4838.6760 4851.7633 4838.6760 4851.7633 +13.0873
Prev. Close Volume Bid Ask Time
4838.6760 2024-04-23 21:01:34
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