Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
British Pound/Dominican Peso (FOREX:GBPDOP)
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 GBPDOP
The long term trend has been DOWN since May 3rd, 2018 at 67.0455
The intermediate term trend has been UP since Oct 16th, 2018 at 66.1470
The short term trend has been UP since Oct 16th, 2018 at 66.0825
Smart Scan Analysis for GBPDOP
Based on a pre-defined weighted trend formula for chart analysis, GBPDOP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).