Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
British Pound/Colombian Peso (FOREX:GBPCOP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 GBPCOP
The long term trend has been UP since Sep 23rd, 2019 at 4232.8000
The intermediate term trend has been DOWN since Nov 4th, 2019 at 4340.9425
The short term trend has been UP since Nov 13th, 2019 at 4293.3471
Smart Scan Analysis for GBPCOP
Based on a pre-defined weighted trend formula for chart analysis, GBPCOP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).