Forex Trend Analysis Report
Prepared for you on Friday, October 30, 2020.
Dominican Peso/Euro (FOREX:DOPEUR)
Long-Term Downtrend (-90) - DOPEUR is in a strong downtrend that is likely to continue. While DOPEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DOPEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DOPEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DOPEUR
The long-term trend has been DOWN since Jul 9th, 2020 at 0.01519797
The intermediate-term trend has been DOWN since Oct 12th, 2020 at 0.01454277
The short-term trend has been DOWN since Oct 20th, 2020 at 0.01456162
Smart Scan Analysis for DOPEUR
Based on our trend formula, DOPEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).