Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
US Dollar/Costa Rican Colon (FOREX:USDCRC)
Crossroads (-60) - USDCRC 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 USDCRC?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCRC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCRC
The long-term trend has been UP since Mar 31st, 2020 at 575.38150
The intermediate-term trend has been DOWN since Jul 29th, 2020 at 581.53654
The short-term trend has been DOWN since Jul 13th, 2020 at 582.85765
Smart Scan Analysis for USDCRC
Based on our trend formula, USDCRC is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).