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Forex Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Mexican Peso/Colombian Peso (FOREX:MXNCOP)

Countertrend Down (-85) - MXNCOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_MXNCOP
Open High Low MXNCOP Price Change
186.42326 186.42326 186.42326 186.42326 0.00000
Entry Signal

MarketClub’s Trade Triangles for MXNCOP

long term down The long-term trend has been DOWN since Oct 3rd, 2021 at 188.30279

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2021 at 190.29112

short term up The short-term trend has been UP since Oct 19th, 2021 at 185.94209

Smart Scan Analysis for MXNCOP

Based on our trend formula, MXNCOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MXNCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
186.42326 186.42326 186.42326 186.42326 0.00000
Prev. Close Volume Bid Ask Time
186.42326 2021-10-27 07:18:58
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