Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
British Pound/Dominican Peso (FOREX:GBPDOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPDOP
The long term trend has been DOWN since May 3rd, 2018 at 67.0455
The intermediate term trend has been DOWN since Oct 29th, 2018 at 62.6915
The short term trend has been DOWN since Dec 4th, 2018 at 63.7535
Smart Scan Analysis for GBPDOP
Based on a pre-defined weighted trend formula for chart analysis, GBPDOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).