Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
British Pound/Dominican Peso (FOREX:GBPDOP)
Sidelines Mode (-55) - GBPDOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPDOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPDOP
The long-term trend has been DOWN since Apr 8th, 2021 at 77.92415
The intermediate-term trend has been UP since Oct 19th, 2021 at 77.74294
The short-term trend has been DOWN since Oct 20th, 2021 at 77.34702
Smart Scan Analysis for GBPDOP
Based on our trend formula, GBPDOP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).