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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
British Pound/Dominican Peso (FOREX:GBPDOP)
Crossroads (-60) - GBPDOP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPDOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDOP.
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 GBPDOP
The long-term trend has been UP since Jan 5th, 2024 at 74.19399
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 74.53820
The short-term trend has been DOWN since Apr 30th, 2024 at 72.94244
Smart Scan Analysis for GBPDOP
Based on our trend formula, GBPDOP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 72.63407 | 72.71464 | 72.40612 | 72.57527 | -0.05880 |
| Prev. Close | Volume | Bid | Ask | Time |
| 72.63407 | 2024-05-08 23:35:18 |