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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Euro/Dominican Peso (FOREX:EURDOP)

Long-Term Downtrend (-90) - EURDOP is in a strong downtrend that is likely to continue. While EURDOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURDOP
Open High Low EURDOP Price Change
63 63 63 63 0
Entry Signal

MarketClub’s Trade Triangles for EURDOP

long term down The long-term trend has been DOWN since Apr 13th, 2024 at 63.07

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 63.87

short term down The short-term trend has been DOWN since Apr 11th, 2024 at 64.11

Smart Scan Analysis for EURDOP

Based on our trend formula, EURDOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
63 63 63 63 0
Prev. Close Volume Bid Ask Time
63 2024-04-13 18:02:07
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