Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, January 15, 2021.

Canadian Dollar/Colombian Peso (FOREX:CADCOP)

Sidelines Mode (+50) - CADCOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CADCOP can gain momentum.

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.

FOREX_CADCOP
Open High Low CADCOP Price Change
2744.6204 2744.6204 2744.6204 2744.6204 0.0000
Entry Signal

MarketClub’s Trade Triangles for CADCOP

long term down The long-term trend has been DOWN since Nov 12th, 2020 at 2821.6180

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2021 at 2723.8211

short term up The short-term trend has been UP since Dec 24th, 2020 at 2680.8455

Smart Scan Analysis for CADCOP

Based on our trend formula, CADCOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CADCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2744.6204 2744.6204 2744.6204 2744.6204 0.0000
Prev. Close Volume Bid Ask Time
2744.6204 2021-01-14 07:33:13
Get a free daily analysis and signals for Canadian Dollar/Colombian Peso (CADCOP) - Request Your Free Report.