Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
US Dollar/Colombian Peso (FOREX:USDCOP)
Strong Downtrend (-100) - USDCOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for USDCOP
The long-term trend has been DOWN since Oct 12th, 2021 at 3733.90
The intermediate-term trend has been DOWN since Oct 1st, 2021 at 3798.35
The short-term trend has been DOWN since Oct 25th, 2021 at 3767.06
Smart Scan Analysis for USDCOP
Based on our trend formula, USDCOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).