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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for GBPCOP
The long-term trend has been UP since Jun 5th, 2024 at 5022.2552
The intermediate-term trend has been DOWN since Jul 10th, 2024 at 5166.3625
The short-term trend has been DOWN since Jul 23rd, 2024 at 5168.7731
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5203.6886 | 5203.6886 | 5203.1027 | 5203.1027 | -0.5859 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5203.6886 | 2024-07-26 14:00:13 |