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Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

Mexican Peso/Colombian Peso (FOREX:MXNCOP)

Sidelines Mode (+55) - MXNCOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
224.75365 224.75365 224.15257 224.15257 -0.60108
Entry Signal

MarketClub’s Trade Triangles for MXNCOP

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 226.38114

intermediate term up The intermediate-term trend has been UP since Jun 30th, 2024 at 227.12446

short term down The short-term trend has been DOWN since Jul 10th, 2024 at 225.82026

Smart Scan Analysis for MXNCOP

Based on our trend formula, MXNCOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MXNCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
224.75365 224.75365 224.15257 224.15257 -0.60108
Prev. Close Volume Bid Ask Time
224.44245 2024-07-11 07:26:03
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