Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
British Pound/Colombian Peso (FOREX:GBPCOP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 GBPCOP
The long term trend has been UP since Aug 31st, 2018 at 3920.0
The intermediate term trend has been DOWN since Feb 5th, 2019 at 4026.7
The short term trend has been UP since Feb 15th, 2019 at 4038.0
Smart Scan Analysis for GBPCOP
Based on a pre-defined weighted trend formula for chart analysis, GBPCOP scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).