Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
Canadian Dollar/Colombian Peso (FOREX:CADCOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADCOP
The long term trend has been UP since May 2nd, 2019 at 2400.15
The intermediate term trend has been UP since Mar 31st, 2019 at 2371.95
The short term trend has been UP since Apr 21st, 2019 at 2342.35
Smart Scan Analysis for CADCOP
Based on a pre-defined weighted trend formula for chart analysis, CADCOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).