Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
British Pound/Colombian Peso (FOREX:GBPCOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPCOP
The long term trend has been DOWN since Jun 23rd, 2019 at 4049.75
The intermediate term trend has been DOWN since Jun 6th, 2019 at 4201.30
The short term trend has been DOWN since May 30th, 2019 at 4256.85
Smart Scan Analysis for GBPCOP
Based on a pre-defined weighted trend formula for chart analysis, GBPCOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).