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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

US Dollar/Colombian Peso (FOREX:USDCOP)

Crossroads (+60) - USDCOP is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_USDCOP
Open High Low USDCOP Price Change
3645.05 3647.00 3622.28 3627.55 -17.50
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term down The long-term trend has been DOWN since Nov 17th, 2020 at 3621.88

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 3597.95

short term up The short-term trend has been UP since Feb 17th, 2021 at 3529.99

Smart Scan Analysis for USDCOP

Based on our trend formula, USDCOP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3645.05 3647.00 3622.28 3627.55 -17.50
Prev. Close Volume Bid Ask Time
3645.05 2021-03-01 10:59:30
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