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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

Dominican Peso/US Dollar (FOREX:DOPUSD)

Bull Market Weakness (+75) - DOPUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DOPUSD as it may be in the beginning stages of a reversal.

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.

FOREX_DOPUSD
Open High Low DOPUSD Price Change
0.01708305 0.01708305 0.01707802 0.01708053 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for DOPUSD

long term up The long-term trend has been UP since May 1st, 2024 at 0.01715426

intermediate term up The intermediate-term trend has been UP since Apr 17th, 2024 at 0.01694469

short term up The short-term trend has been UP since May 19th, 2024 at 0.01712909

Smart Scan Analysis for DOPUSD

Based on our trend formula, DOPUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for DOPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01708305 0.01708305 0.01707802 0.01708053 -0.00000300
Prev. Close Volume Bid Ask Time
0.01708305 2024-05-20 21:01:07
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