Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Dominican Peso/US Dollar (FOREX:DOPUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DOPUSD
The long term trend has been DOWN since Jun 16th, 2019 at 0.019575
The intermediate term trend has been DOWN since Jun 16th, 2019 at 0.019771
The short term trend has been DOWN since Sep 27th, 2019 at 0.019378
Smart Scan Analysis for DOPUSD
Based on a pre-defined weighted trend formula for chart analysis, DOPUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).