Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Euro/Dominican Peso (FOREX:EURDOP)
Sidelines Mode (+55) - EURDOP 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 EURDOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURDOP
The long-term trend has been UP since Nov 30th, 2020 at 69.501
The intermediate-term trend has been UP since Feb 25th, 2021 at 70.412
The short-term trend has been DOWN since Mar 4th, 2021 at 70.407
Smart Scan Analysis for EURDOP
Based on our trend formula, EURDOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).