Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 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 Oct 1st, 2021 at 0.00539611
The intermediate-term trend has been UP since Sep 28th, 2021 at 0.00528406
The short-term trend has been DOWN since Oct 14th, 2021 at 0.00548858
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).