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.
MarketClub’s Trade Triangles for USDDOP
The long term trend has been UP since Oct 13th, 2019 at 52.205000
The intermediate term trend has been UP since Dec 30th, 2019 at 53.215000
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).