Today's COP to USD Price Update

Summary

This report provides the real-time exchange rate between the Colombian Peso (COP) and the U.S. Dollar (USD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Colombian Peso (COP) is the official currency of Colombia. The exchange rate between them reflects market sentiment regarding currency valuations and economic conditions affecting both nations.

Today’s Price

• 1 COP = 0.000274 USD
• 24h High: 0.00027241 USD
• 24h Low: 0.00027139 USD

Market Analysis

Recent COP/USD price movements have exhibited volatility within a narrow trading range. Technical analysis indicates a predominantly bearish outlook for the pair.

• Technical levels: Key support at 3,665.33 (Fibonacci pivot point), with moving averages suggesting downward pressure across multiple timeframes
• Technical signals: The MACD indicator shows -1.020, suggesting a sell signal. Moving average analysis (MA5 to MA200) displays 11 sell signals against 1 buy signal, indicating strong selling pressure
• Short-term forecast: Market analysis suggests USD/COP may decline to approximately 3,622.01 within the next 7 days
• Risk note: Traders should monitor support levels closely, as breakdown below key pivot points could accelerate further downside movement

Conclusion

Continue to monitor the COP/USD pair closely, integrating technical indicators such as moving averages and MACD with broader market sentiment. For traders, focus on identifying potential reversal points near established support levels and manage risk accordingly given the current bearish technical setup.