Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Dominican Peso/US Dollar (FOREX:DOPUSD)
Weak Downtrend (-65) - DOPUSD is showing signs of a strengthening downtrend. Monitor DOPUSD as it may be building momentum to the downside.
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 Mar 17th, 2023 at 0.01831300
The intermediate-term trend has been DOWN since Jun 4th, 2023 at 0.01823503
The short-term trend has been DOWN since Jun 4th, 2023 at 0.01828861
Smart Scan Analysis for DOPUSD
Based on our trend formula, DOPUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).