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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

US Dollar/Colombian Peso (FOREX:USDCOP)

Weak Downtrend (-65) - USDCOP is showing signs of a strengthening downtrend. Monitor USDCOP as it may be building momentum to the downside.

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
3870.5100 3877.7803 3833.5500 3860.1400 -10.3700
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term down The long-term trend has been DOWN since Dec 26th, 2023 at 3881.11

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 3857.74

short term down The short-term trend has been DOWN since May 28th, 2024 at 3844.47

Smart Scan Analysis for USDCOP

Based on our trend formula, USDCOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3870.5100 3877.7803 3833.5500 3860.1400 -10.3700
Prev. Close Volume Bid Ask Time
3870.5100 2024-05-28 17:43:10
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