Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
US Dollar/Colombian Peso (FOREX:USDCOP)
Weak Downtrend (-65) - USDCOP is showing signs of a strengthening downtrend. Monitor USDCOP as it may be building momentum to the downside.
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 UP since Mar 2nd, 2020 at 3529.5
The intermediate-term trend has been DOWN since May 11th, 2020 at 3892.5
The short-term trend has been DOWN since May 18th, 2020 at 3910.0
Smart Scan Analysis for USDCOP
Based on our trend formula, USDCOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).