Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Dominican Peso/British Pound (FOREX:DOPGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DOPGBP
The long term trend has been UP since May 7th, 2018 at 0.014930
The intermediate term trend has been DOWN since Dec 24th, 2018 at 0.015511
The short term trend has been DOWN since Jan 11th, 2019 at 0.015461
Smart Scan Analysis for DOPGBP
Based on a pre-defined weighted trend formula for chart analysis, DOPGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).