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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Dominican Peso (FOREX:USDDOP)
Sidelines Mode (+55) - USDDOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDDOP
The long-term trend has been UP since Mar 18th, 2024 at 59.200
The intermediate-term trend has been UP since Nov 8th, 2024 at 60.475
The short-term trend has been DOWN since Nov 18th, 2024 at 60.300
Smart Scan Analysis for USDDOP
Based on our trend formula, USDDOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 60.009434 | 60.009434 | 60.009434 | 60.009434 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 60.009434 | 2024-11-19 21:06:20 |