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Forex Trend Analysis Report
Prepared for you on Wednesday, April 17, 2024.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Bear Market Rally (-75) - CADCOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADCOP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CADCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADCOP
The long-term trend has been DOWN since Nov 14th, 2023 at 2905.5257
The intermediate-term trend has been DOWN since Feb 19th, 2024 at 2900.1318
The short-term trend has been UP since Apr 17th, 2024 at 2777.5390
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2840.9246 | 2840.9246 | 2840.9246 | 2840.9246 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2840.9246 | 2024-04-17 21:01:47 |