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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Colombian Peso/US Dollar (FOREX:COPUSD)

Long-Term Downtrend (-90) - COPUSD is in a strong downtrend that is likely to continue. While COPUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_COPUSD
Open High Low COPUSD Price Change
0.00024157 0.00024157 0.00024093 0.00024118 0.00000000
Entry Signal

MarketClub’s Trade Triangles for COPUSD

long term down The long-term trend has been DOWN since Jun 9th, 2024 at 0.00025161

intermediate term down The intermediate-term trend has been DOWN since Jun 5th, 2024 at 0.00025679

short term down The short-term trend has been DOWN since Jun 13th, 2024 at 0.00025003

Smart Scan Analysis for COPUSD

Based on our trend formula, COPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for COPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00024157 0.00024157 0.00024093 0.00024118 0.00000000
Prev. Close Volume Bid Ask Time
0.00024157 2024-06-16 20:46:54
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