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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.

FOREX_EURDOP
Open High Low EURDOP Price Change
55.536 55.536 55.536 55.536 0.000
Entry Signal

MarketClub’s Trade Triangles for EURDOP

long term down The long-term trend has been DOWN since Mar 3rd, 2022 at 63.416

intermediate term up The intermediate-term trend has been UP since Aug 2nd, 2022 at 55.692

short term down 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).

-75
Smart Scan Analysis for EURDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.536 55.536 55.536 55.536 0.000
Prev. Close Volume Bid Ask Time
55.536 2022-08-10 07:20:33
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