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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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.
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MarketClub’s Trade Triangles for GBPDOP
The long-term trend has been UP since Jan 5th, 2024 at 74.19399
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 75.92284
The short-term trend has been UP since Dec 25th, 2024 at 76.52363
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 76.26163 | 76.31181 | 76.03083 | 76.20659 | -0.05504 |
| Prev. Close | Volume | Bid | Ask | Time |
| 76.26163 | 2024-12-26 13:24:38 |