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.
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 DOWN since May 11th, 2020 at 4856.2246
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).