Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Dominican Peso/US Dollar (FOREX:DOPUSD)

Countertrend Up (+85) - DOPUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid DOPUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for DOPUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DOPUSD
Open High Low DOPUSD Price Change
0.01843691 0.01843691 0.01843691 0.01843691 0.00000000
Entry Signal

MarketClub’s Trade Triangles for DOPUSD

long term up The long-term trend has been UP since Jun 16th, 2022 at 0.01829070

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2022 at 0.01815871

short term up The short-term trend has been UP since Aug 9th, 2022 at 0.01837415

Smart Scan Analysis for DOPUSD

Based on our trend formula, DOPUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for DOPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01843691 0.01843691 0.01843691 0.01843691 0.00000000
Prev. Close Volume Bid Ask Time
0.01843691 2022-08-10 07:20:33
Get a free daily analysis and signals for Dominican Peso/US Dollar (DOPUSD) - Request Your Free Report.