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Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
US Dollar/Dominican Peso (FOREX:USDDOP)
Long-Term Downtrend (-90) - USDDOP is in a strong downtrend that is likely to continue. While USDDOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for USDDOP
The long-term trend has been DOWN since Jun 16th, 2022 at 54.410000
The intermediate-term trend has been DOWN since Jun 9th, 2022 at 55.125000
The short-term trend has been DOWN since Aug 4th, 2022 at 54.443305
Smart Scan Analysis for USDDOP
Based on our trend formula, USDDOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 54.075 | 54.075 | 54.050 | 54.050 | -0.025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 54.075 | 2022-08-15 13:54:34 |