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Forex Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

Mexican Peso/Colombian Peso (FOREX:MXNCOP)

Countertrend Up (+85) - MXNCOP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid MXNCOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCOP
Open High Low MXNCOP Price Change
196.6975 196.6975 196.6975 196.6975 0.0000
Entry Signal

MarketClub’s Trade Triangles for MXNCOP

long term up The long-term trend has been UP since Dec 26th, 2021 at 193.74960

intermediate term up The intermediate-term trend has been UP since Dec 20th, 2021 at 185.90288

short term up The short-term trend has been UP since Dec 20th, 2021 at 185.90288

Smart Scan Analysis for MXNCOP

Based on our trend formula, MXNCOP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for MXNCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
196.6975 196.6975 196.6975 196.6975 0.0000
Prev. Close Volume Bid Ask Time
196.6975 2022-01-18 07:18:13
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