Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
US Dollar/Costa Rican Colon (FOREX:USDCRC)
Countertrend Up (+85) - USDCRC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Sep 7th, 2021 at 622.24829
The short-term trend has been UP since Oct 19th, 2021 at 626.24994
Smart Scan Analysis for USDCRC
Based on our trend formula, USDCRC is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).