Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Colombian Peso/US Dollar (FOREX:COPUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for COPUSD
The long term trend has been DOWN since May 7th, 2019 at 0.000307
The intermediate term trend has been DOWN since Jul 29th, 2019 at 0.000310
The short term trend has been DOWN since Sep 12th, 2019 at 0.000296
Smart Scan Analysis for COPUSD
Based on a pre-defined weighted trend formula for chart analysis, COPUSD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).