Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Dominican Peso/US Dollar (FOREX:DOPUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 Jul 26th, 2018 at 0.019995
The intermediate term trend has been UP since Mar 20th, 2019 at 0.019798
The short term trend has been UP since Mar 10th, 2019 at 0.019728
Smart Scan Analysis for DOPUSD
Based on a pre-defined weighted trend formula for chart analysis, DOPUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).