Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Countertrend Up (+85) - COPMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for COPMXN
The long-term trend has been UP since Dec 21st, 2020 at 0.00596614
The intermediate-term trend has been UP since Feb 18th, 2021 at 0.00579023
The short-term trend has been DOWN since Feb 23rd, 2021 at 0.00573235
Smart Scan Analysis for COPMXN
Based on our trend formula, COPMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).