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Forex Trend Analysis Report

Prepared for you on Sunday, August 1, 2021.

US Dollar/Colombian Peso (FOREX:USDCOP)

Countertrend Up (+85) - USDCOP 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 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
3847.3043 3885.0000 3844.2900 3878.0000 +30.6957
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term up The long-term trend has been UP since Mar 3rd, 2021 at 3663.01

intermediate term up The intermediate-term trend has been UP since Jun 18th, 2021 at 3766.23

short term down The short-term trend has been DOWN since Jul 28th, 2021 at 3889.00

Smart Scan Analysis for USDCOP

Based on our trend formula, USDCOP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3847.3043 3885.0000 3844.2900 3878.0000 +30.6957
Prev. Close Volume Bid Ask Time
3847.3043 2021-07-30 14:02:32
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