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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 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.

FOREX_GBPDOP
Open High Low GBPDOP Price Change
72.93403 72.94662 72.74402 72.79292 -0.14111
Entry Signal

MarketClub’s Trade Triangles for GBPDOP

long term up The long-term trend has been UP since Jan 5th, 2024 at 74.19399

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2024 at 74.53820

short term up The short-term trend has been UP since Apr 23rd, 2024 at 73.86663

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).

-55
Smart Scan Analysis for GBPDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.93403 72.94662 72.74402 72.79292 -0.14111
Prev. Close Volume Bid Ask Time
72.93403 2024-04-24 05:13:01
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