Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Mexican Peso/Colombian Peso (FOREX:MXNCOP)
Bull Market Weakness (+75) - MXNCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNCOP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MXNCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCOP
The long-term trend has been DOWN since Mar 9th, 2020 at 171.33073
The intermediate-term trend has been UP since May 25th, 2020 at 167.36556
The short-term trend has been UP since May 14th, 2020 at 163.12581
Smart Scan Analysis for MXNCOP
Based on our trend formula, MXNCOP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).