Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
US Dollar/Dominican Peso (FOREX:USDDOP)
Bull Market Weakness (+75) - USDDOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDDOP as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for USDDOP
The long-term trend has been UP since Jul 5th, 2023 at 55.384418
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 56.716737
The short-term trend has been UP since Sep 21st, 2023 at 56.748459
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).