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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.

FOREX_DOPUSD
Open High Low DOPUSD Price Change
0.01715174 0.01715174 0.01715174 0.01715174 0.00000000
Entry Signal

MarketClub’s Trade Triangles for DOPUSD

long term down The long-term trend has been DOWN since Jun 16th, 2019 at 0.01957500

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2020 at 0.01719373

short term up 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).

-60
Smart Scan Analysis for DOPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01715174 0.01715174 0.01715174 0.01715174 0.00000000
Prev. Close Volume Bid Ask Time
0.01715174 0.01695150 0.01735198 2020-07-29 04:35:26
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