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.
MarketClub’s Trade Triangles for MXNCOP
The long-term trend has been DOWN since Jun 6th, 2023 at 245.96361
The intermediate-term trend has been UP since Nov 16th, 2023 at 232.27731
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).