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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.

FOREX_DOPUSD
Open High Low DOPUSD Price Change
0.01772465 0.01777710 0.01772465 0.01777710 +0.00005200
Entry Signal

MarketClub’s Trade Triangles for DOPUSD

long term up The long-term trend has been UP since Sep 13th, 2021 at 0.01766510

intermediate term up The intermediate-term trend has been UP since Sep 29th, 2021 at 0.01769405

short term down 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).

+55
Smart Scan Analysis for DOPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01772465 0.01777710 0.01772465 0.01777710 +0.00005200
Prev. Close Volume Bid Ask Time
0.01774956 2021-10-18 21:09:25
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