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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.

FOREX_USDDOP
Open High Low USDDOP Price Change
54.075 54.075 54.050 54.050 -0.025
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term down The long-term trend has been DOWN since Jun 16th, 2022 at 54.410000

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2022 at 55.125000

short term down 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).

-90
Smart Scan Analysis for USDDOP
Strong Downtrend Sideways 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
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