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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

US Dollar/Colombian Peso (FOREX:USDCOP)

Weak Uptrend (+65) - USDCOP is showing signs of weakening momentum to the upside. Monitor USDCOP as it may be in the beginning stages of a reversal.

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
4031.50 4043.78 4002.38 4032.47 +0.97
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term up The long-term trend has been UP since Jun 9th, 2024 at 3967.26

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2024 at 4063.50

short term up The short-term trend has been UP since Jul 16th, 2024 at 3991.49

Smart Scan Analysis for USDCOP

Based on our trend formula, USDCOP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for USDCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4031.50 4043.78 4002.38 4032.47 +0.97
Prev. Close Volume Bid Ask Time
4031.50 2024-07-26 16:41:40
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