Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Colombian Peso/Chilean Peso (FOREX:COPCLP)
Long-Term Downtrend (-90) - COPCLP is in a strong downtrend that is likely to continue. While COPCLP 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 COPCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for COPCLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for COPCLP
The long-term trend has been DOWN since Mar 11th, 2020 at 0.22470638
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.21681658
The short-term trend has been DOWN since Jul 16th, 2020 at 0.21611877
Smart Scan Analysis for COPCLP
Based on our trend formula, COPCLP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).