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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Colombian Peso (FOREX:GBPCOP)

Sidelines Mode (+50) - GBPCOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPCOP can gain momentum.

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
5209.7473 5211.7245 5209.7473 5211.7245 +1.9772
Entry Signal

MarketClub’s Trade Triangles for GBPCOP

long term down The long-term trend has been DOWN since Oct 3rd, 2021 at 5175.9393

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 5202.1668

short term up The short-term trend has been UP since Oct 19th, 2021 at 5153.8682

Smart Scan Analysis for GBPCOP

Based on our trend formula, GBPCOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5209.7473 5211.7245 5209.7473 5211.7245 +1.9772
Prev. Close Volume Bid Ask Time
5209.7473 2021-10-19 21:09:14
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