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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Mexican Peso/Colombian Peso (FOREX:MXNCOP)

Crossroads (-60) - MXNCOP is struggling to move into a solid trend. Beware of choppy markets 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
254.57069 254.57069 254.57069 254.57069 0.00000
Entry Signal

MarketClub’s Trade Triangles for MXNCOP

long term up The long-term trend has been UP since May 2nd, 2022 at 193.97590

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2023 at 255.40197

short term down The short-term trend has been DOWN since Feb 28th, 2023 at 267.42587

Smart Scan Analysis for MXNCOP

Based on our trend formula, MXNCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
254.57069 254.57069 254.57069 254.57069 0.00000
Prev. Close Volume Bid Ask Time
257.62313 2023-03-18 03:55:50
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