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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

British Pound/Colombian Peso (FOREX:GBPCOP)

Crossroads (-60) - GBPCOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
5265.1047 5265.1047 5265.1047 5265.1047 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPCOP

long term up The long-term trend has been UP since Jul 14th, 2022 at 5075.3719

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 5330.2533

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 5321.0545

Smart Scan Analysis for GBPCOP

Based on our trend formula, GBPCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5265.1047 5265.1047 5265.1047 5265.1047 0.0000
Prev. Close Volume Bid Ask Time
5265.1047 2022-08-10 07:20:33
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