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Forex Trend Analysis Report

Prepared for you on Saturday, January 28, 2023.

US Dollar/Colombian Peso (FOREX:USDCOP)

Sidelines Mode (-55) - USDCOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_USDCOP
Open High Low USDCOP Price Change
4529.9122 4529.9122 4529.9122 4529.9122 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term up The long-term trend has been UP since Oct 6th, 2022 at 4642.580

intermediate term down The intermediate-term trend has been DOWN since Jan 12th, 2023 at 4728.500

short term up The short-term trend has been UP since Jan 27th, 2023 at 4564.924

Smart Scan Analysis for USDCOP

Based on our trend formula, USDCOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4529.9122 4529.9122 4529.9122 4529.9122 0.0000
Prev. Close Volume Bid Ask Time
4529.9122 2023-01-28 03:03:11
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