Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Colombian Peso (FOREX:GBPCOP)
Long-Term Uptrend (+90) - GBPCOP is in a strong uptrend that is likely to continue. While GBPCOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Feb 24th, 2021 at 5026.3267
The intermediate-term trend has been UP since Dec 24th, 2020 at 4739.6076
The short-term trend has been UP since Feb 22nd, 2021 at 4889.3724
Smart Scan Analysis for GBPCOP
Based on our trend formula, GBPCOP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).