Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Euro/Dominican Peso (FOREX:EURDOP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURDOP
The long term trend has been UP since Sep 23rd, 2018 at 58.662
The intermediate term trend has been DOWN since Oct 1st, 2018 at 57.976
The short term trend has been DOWN since Sep 27th, 2018 at 58.627
Smart Scan Analysis for EURDOP
Based on a pre-defined weighted trend formula for chart analysis, EURDOP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).