Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
US Dollar/Dominican Peso (FOREX:USDDOP)
Strong Uptrend (+100) - USDDOP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDDOP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 13th, 2019 at 52.205
The intermediate-term trend has been UP since Mar 11th, 2020 at 53.700
The short-term trend has been UP since Mar 31st, 2020 at 54.120
Smart Scan Analysis for USDDOP
Based on our trend formula, USDDOP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).