Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Dominican Peso/British Pound (FOREX:DOPGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOPGBP
The long term trend has been DOWN since Oct 11th, 2019 at 0.01533700
The intermediate term trend has been DOWN since Aug 27th, 2019 at 0.01592900
The short term trend has been DOWN since Jan 16th, 2020 at 0.01443147
Smart Scan Analysis for DOPGBP
Based on a pre-defined weighted trend formula for chart analysis, DOPGBP scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).