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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

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
0.0172825 0.0172825 0.0172825 0.0172825 0.0000000
Entry Signal

MarketClub’s Trade Triangles for DOPUSD

long term up The long-term trend has been UP since Nov 18th, 2020 at 0.01718600

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.01721564

short term down The short-term trend has been DOWN since Feb 10th, 2021 at 0.01732638

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
0.0172825 0.0172825 0.0172825 0.0172825 0.0000000
Prev. Close Volume Bid Ask Time
0.0173717 2021-02-25 07:31:39
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