Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Euro/Colombian Peso (FOREX:EURCOP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURCOP
The long term trend has been UP since May 2nd, 2019 at 3601.4
The intermediate term trend has been DOWN since Jun 16th, 2019 at 3688.9
The short term trend has been DOWN since May 30th, 2019 at 3758.5
Smart Scan Analysis for EURCOP
Based on a pre-defined weighted trend formula for chart analysis, EURCOP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).