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.
MarketClub’s Trade Triangles for CADCOP
The long-term trend has been DOWN since Nov 12th, 2020 at 2821.6180
The intermediate-term trend has been UP since Jan 13th, 2021 at 2723.8211
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).