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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

US Dollar/Dominican Peso (FOREX:USDDOP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDDOP
Open High Low USDDOP Price Change
53.440000 53.460000 53.162558 53.162558 -0.277442
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term up The long term trend has been UP since Oct 13th, 2019 at 52.205000

intermediate term up The intermediate term trend has been UP since Dec 30th, 2019 at 53.215000

short term down The short term trend has been DOWN since Jan 28th, 2020 at 53.187989

Smart Scan Analysis for USDDOP

Based on a pre-defined weighted trend formula for chart analysis, USDDOP scored +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
53.440000 53.460000 53.162558 53.162558 -0.277442
Prev. Close Volume Bid Ask Time
53.440000 52.436368 53.888748 2020-01-28 21:00:54
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