Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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 UP since Mar 29th, 2021 at 178.70032
The intermediate-term trend has been UP since Mar 25th, 2021 at 172.95359
The short-term trend has been UP since Mar 15th, 2021 at 170.10085
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).