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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

US Dollar/Dominican Peso (FOREX:USDDOP)

Bear Market Rally (-75) - USDDOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDDOP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid USDDOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDDOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDDOP
Open High Low USDDOP Price Change
56.427046 56.470000 56.260564 56.260564 -0.166482
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term down The long-term trend has been DOWN since Sep 13th, 2021 at 56.616365

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 56.524280

short term up The short-term trend has been UP since Oct 18th, 2021 at 56.450000

Smart Scan Analysis for USDDOP

Based on our trend formula, USDDOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.427046 56.470000 56.260564 56.260564 -0.166482
Prev. Close Volume Bid Ask Time
56.385000 2021-10-18 21:09:25
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