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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Mexican Peso/Colombian Peso (FOREX:MXNCOP)
Long-Term Downtrend (-90) - MXNCOP is in a strong downtrend that is likely to continue. While MXNCOP is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for MXNCOP
The long-term trend has been DOWN since Jun 4th, 2024 at 226.38114
The intermediate-term trend has been DOWN since Dec 15th, 2024 at 216.49492
The short-term trend has been DOWN since Dec 15th, 2024 at 216.49492
Smart Scan Analysis for MXNCOP
Based on our trend formula, MXNCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 217.84198 | 217.84198 | 217.84198 | 217.84198 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 218.80070 | 2024-12-23 07:25:14 |