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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

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
69.342 69.342 69.342 69.342 0.000
Entry Signal

MarketClub’s Trade Triangles for EURDOP

long term down The long-term trend has been DOWN since Nov 18th, 2020 at 68.342

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2020 at 68.376

short term down The short-term trend has been DOWN since Nov 18th, 2020 at 68.972

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
69.342 69.342 69.342 69.342 0.000
Prev. Close Volume Bid Ask Time
69.342 2020-11-23 21:07:09
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