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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Colombian Peso (FOREX:USDCOP)
Sidelines Mode (+55) - USDCOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDCOP
The long-term trend has been UP since Jun 9th, 2024 at 3967.2600
The intermediate-term trend has been UP since Jul 30th, 2024 at 4096.4401
The short-term trend has been DOWN since Nov 18th, 2024 at 4425.3700
Smart Scan Analysis for USDCOP
Based on our trend formula, USDCOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4399.52 | 4439.29 | 4386.63 | 4392.39 | -7.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4399.52 | 2024-11-19 17:06:16 |