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.
MarketClub’s Trade Triangles for USDCOP
The long-term trend has been UP since Mar 3rd, 2021 at 3663.01
The intermediate-term trend has been UP since Jun 18th, 2021 at 3766.23
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).