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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Colombian Peso (FOREX:USDCOP)

Long-Term Downtrend (-90) - USDCOP is in a strong downtrend that is likely to continue. While USDCOP 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 USDCOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDCOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDCOP
Open High Low USDCOP Price Change
3839.59 3849.84 3837.41 3848.13 +8.54
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term down The long-term trend has been DOWN since Dec 26th, 2023 at 3881.11

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2024 at 3873.63

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 3867.31

Smart Scan Analysis for USDCOP

Based on our trend formula, USDCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3839.59 3849.84 3837.41 3848.13 +8.54
Prev. Close Volume Bid Ask Time
3839.59 2024-03-27 20:30:36
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