Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Euro/Colombian Peso (FOREX:EURCOP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 EURCOP
The long term trend has been DOWN since Feb 5th, 2019 at 3551.3
The intermediate term trend has been UP since Mar 12th, 2019 at 3552.2
The short term trend has been UP since Mar 10th, 2019 at 3508.9
Smart Scan Analysis for EURCOP
Based on a pre-defined weighted trend formula for chart analysis, EURCOP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).