Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Euro/Dominican Peso (FOREX:EURDOP)
Bear Market Rally (-75) - EURDOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURDOP as it may be in the beginning of a reversal.
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 Mar 3rd, 2022 at 63.416
The intermediate-term trend has been UP since Aug 2nd, 2022 at 55.692
The short-term trend has been DOWN since Aug 9th, 2022 at 55.690
Smart Scan Analysis for EURDOP
Based on our trend formula, EURDOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).