Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Mexican Peso/Colombian Peso (FOREX:MXNCOP)
Strong Downtrend (-100) - MXNCOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Dec 13th, 2020 at 171.01027
The intermediate-term trend has been DOWN since Feb 1st, 2021 at 174.79907
The short-term trend has been DOWN since Feb 12th, 2021 at 177.58862
Smart Scan Analysis for MXNCOP
Based on our trend formula, MXNCOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).