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Forex Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

Mexican Peso/Colombian Peso (FOREX:MXNCOP)

Bear Market Rally (-75) - MXNCOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNCOP as it may be in the beginning 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.

FOREX_MXNCOP
Open High Low MXNCOP Price Change
233.96496 233.96496 233.96496 233.96496 0.00000
Entry Signal

MarketClub’s Trade Triangles for MXNCOP

long term down The long-term trend has been DOWN since Jun 6th, 2023 at 245.96361

intermediate term up The intermediate-term trend has been UP since Nov 16th, 2023 at 232.27731

short term down The short-term trend has been DOWN since Nov 29th, 2023 at 234.40659

Smart Scan Analysis for MXNCOP

Based on our trend formula, MXNCOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MXNCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
233.96496 233.96496 233.96496 233.96496 0.00000
Prev. Close Volume Bid Ask Time
233.96496 2023-12-02 06:46:34
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