Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
British Pound/Dominican Peso (FOREX:GBPDOP)
Strong Uptrend (+100) - GBPDOP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPDOP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Jul 21st, 2020 at 74.46773
The intermediate-term trend has been UP since Nov 23rd, 2020 at 77.97191
The short-term trend has been UP since Nov 17th, 2020 at 77.29581
Smart Scan Analysis for GBPDOP
Based on our trend formula, GBPDOP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).