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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.
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MarketClub’s Trade Triangles for MXNCOP
The long-term trend has been UP since May 2nd, 2022 at 193.97590
The intermediate-term trend has been DOWN since Mar 18th, 2023 at 255.40197
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).
| 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 |