Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Euro/Dominican Peso (FOREX:EURDOP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EURDOP
The long term trend has been DOWN since Nov 9th, 2018 at 56.746
The intermediate term trend has been UP since Nov 19th, 2018 at 57.093
The short term trend has been UP since Jan 9th, 2019 at 57.650
Smart Scan Analysis for EURDOP
Based on a pre-defined weighted trend formula for chart analysis, EURDOP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).