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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.

Open High Low USDDOP Price Change
56.79 56.80 56.79 56.80 +0.01
Entry Signal

MarketClub’s Trade Triangles for USDDOP

long term up The long-term trend has been UP since Jul 5th, 2023 at 55.384418

intermediate term down The intermediate-term trend has been DOWN since Sep 18th, 2023 at 56.716737

short term up 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).

Smart Scan Analysis for USDDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
56.79 56.80 56.79 56.80 +0.01
Prev. Close Volume Bid Ask Time
56.89 2023-09-29 14:20:55
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