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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

Colombian Peso/Mexican Peso (FOREX:COPMXN)

Sidelines Mode (-55) - COPMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid COPMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for COPMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_COPMXN
Open High Low COPMXN Price Change
0.00513041 0.00516788 0.00512044 0.00515488 +0.00002400
Entry Signal

MarketClub’s Trade Triangles for COPMXN

long term down The long-term trend has been DOWN since Dec 17th, 2021 at 0.00515069

intermediate term down The intermediate-term trend has been DOWN since Dec 15th, 2021 at 0.00525913

short term up The short-term trend has been UP since Jan 20th, 2022 at 0.00511354

Smart Scan Analysis for COPMXN

Based on our trend formula, COPMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for COPMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00513041 0.00516788 0.00512044 0.00515488 +0.00002400
Prev. Close Volume Bid Ask Time
0.00513041 2022-01-21 17:06:35
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