Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Dominican Peso (FOREX:USDDOP)
Bear Market Rally (-75) - USDDOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDDOP as it may be in the beginning 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 DOWN since Sep 13th, 2021 at 56.616365
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 56.524280
The short-term trend has been UP since Oct 18th, 2021 at 56.450000
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).