Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Dominican Peso/US Dollar (FOREX:DOPUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 DOPUSD
The long term trend has been DOWN since Jun 16th, 2019 at 0.01957500
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.01886184
The short term trend has been DOWN since Jan 8th, 2020 at 0.01886991
Smart Scan Analysis for DOPUSD
Based on a pre-defined weighted trend formula for chart analysis, DOPUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).