Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Colombian Peso/Mexican Peso (FOREX:COPMXN)
Bull Market Weakness (+75) - COPMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on COPMXN as it may be in the beginning stages of a reversal.
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 DOWN since May 3rd, 2022 at 0.00507201
The intermediate-term trend has been UP since Mar 12th, 2023 at 0.00392883
The short-term trend has been UP since Mar 24th, 2023 at 0.00390284
Smart Scan Analysis for COPMXN
Based on our trend formula, COPMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).