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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

US Dollar/Colombian Peso (FOREX:USDCOP)

Bull Market Weakness (+75) - USDCOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCOP as it may be in the beginning stages of a reversal.

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
3904.95 3944.44 3904.95 3939.13 +34.18
Entry Signal

MarketClub’s Trade Triangles for USDCOP

long term down The long-term trend has been DOWN since Dec 26th, 2023 at 3881.11

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 3878.51

short term up The short-term trend has been UP since Apr 24th, 2024 at 3938.43

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).

+70
Smart Scan Analysis for USDCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3904.95 3944.44 3904.95 3939.13 +34.18
Prev. Close Volume Bid Ask Time
3904.95 2024-04-24 17:21:54
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