Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
Dominican Peso/US Dollar (FOREX:DOPUSD)
Crossroads (-60) - DOPUSD is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Jun 16th, 2019 at 0.01957500
The intermediate-term trend has been UP since Jul 27th, 2020 at 0.01719373
The short-term trend has been UP since Jul 27th, 2020 at 0.01719373
Smart Scan Analysis for DOPUSD
Based on our trend formula, DOPUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).