Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Crossroads (-60) - CADCOP 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 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 Dec 29th, 2019 at 2509.4864
The intermediate-term trend has been UP since Jan 16th, 2020 at 2534.0022
The short-term trend has been UP since Feb 11th, 2020 at 2582.8165
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).