Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Colombian Peso/Brazilian Real (FOREX:COPBRL)
Strong Uptrend (+100) - COPBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, COPBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid COPBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COPBRL
The long-term trend has been UP since May 30th, 2023 at 0.00113741
The intermediate-term trend has been UP since Nov 28th, 2023 at 0.00123337
The short-term trend has been UP since Dec 5th, 2023 at 0.00124320
Smart Scan Analysis for COPBRL
Based on our trend formula, COPBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).