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Forex Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
US Dollar/Colombian Peso (FOREX:USDCOP)
Weak Downtrend (-65) - USDCOP is showing signs of a strengthening downtrend. Monitor USDCOP as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for USDCOP
The long-term trend has been UP since Nov 26th, 2021 at 4007.51
The intermediate-term trend has been DOWN since Jan 12th, 2022 at 3971.50
The short-term trend has been DOWN since Jan 26th, 2022 at 3956.46
Smart Scan Analysis for USDCOP
Based on our trend formula, USDCOP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3968.14 | 3974.00 | 3942.00 | 3954.00 | -14.14 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3968.14 | 2022-01-26 10:23:51 |