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.
MarketClub’s Trade Triangles for USDCOP
The long-term trend has been DOWN since Nov 17th, 2020 at 3621.88
The intermediate-term trend has been UP since Feb 22nd, 2021 at 3597.95
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).