Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Dominican Peso/US Dollar (FOREX:DOPUSD)
Sidelines Mode (+55) - DOPUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for DOPUSD
The long-term trend has been UP since Sep 13th, 2021 at 0.01766510
The intermediate-term trend has been UP since Sep 29th, 2021 at 0.01769405
The short-term trend has been DOWN since Oct 15th, 2021 at 0.01774971
Smart Scan Analysis for DOPUSD
Based on our trend formula, DOPUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).