Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
Dominican Peso/US Dollar (FOREX:DOPUSD)
Strong Downtrend (-100) - DOPUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DOPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for DOPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DOPUSD
The long-term trend has been DOWN since Jun 16th, 2019 at 0.01957500
The intermediate-term trend has been DOWN since Aug 8th, 2020 at 0.01714737
The short-term trend has been DOWN since Aug 8th, 2020 at 0.01714737
Smart Scan Analysis for DOPUSD
Based on our trend formula, DOPUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).