Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

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
3955.18 4008.73 3949.59 3980.75 +25.57
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term up The long-term trend has been UP since Oct 4th, 2023 at 4234.53

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2023 at 4093.05

short term down The short-term trend has been DOWN since Nov 24th, 2023 at 4047.70

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
3955.18 4008.73 3949.59 3980.75 +25.57
Prev. Close Volume Bid Ask Time
3955.18 2023-11-29 12:47:17
Get a free daily analysis and signals for US Dollar/Colombian Peso (USDCOP) - Request Your Free Report.