Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Euro/Dominican Peso (FOREX:EURDOP)
Strong Downtrend (-100) - EURDOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Mar 23rd, 2020 at 57.606
The intermediate-term trend has been DOWN since Mar 23rd, 2020 at 59.106
The short-term trend has been DOWN since Mar 17th, 2020 at 59.661
Smart Scan Analysis for EURDOP
Based on our trend formula, EURDOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).