Forex Trend Analysis Report
Prepared for you on Tuesday, September 28, 2021.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Long-Term Downtrend (-90) - CADCOP is in a strong downtrend that is likely to continue. While CADCOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Sep 2nd, 2021 at 2988.1092
The intermediate-term trend has been DOWN since Aug 16th, 2021 at 3093.3177
The short-term trend has been DOWN since Sep 2nd, 2021 at 2998.3817
Smart Scan Analysis for CADCOP
Based on our trend formula, CADCOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).