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.
MarketClub’s Trade Triangles for EURDOP
The long-term trend has been DOWN since Nov 18th, 2020 at 68.342
The intermediate-term trend has been DOWN since Nov 18th, 2020 at 68.376
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).