Forex Trend Analysis Report
Prepared for you on Thursday, November 26, 2020.
US Dollar/Colombian Peso (FOREX:USDCOP)
Strong Downtrend (-100) - USDCOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 17th, 2020 at 3621.88
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 3756.59
The short-term trend has been DOWN since Nov 23rd, 2020 at 3628.50
Smart Scan Analysis for USDCOP
Based on our trend formula, USDCOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).