Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Euro/Dominican Peso (FOREX:EURDOP)
Countertrend Down (-85) - EURDOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURDOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURDOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURDOP
The long-term trend has been DOWN since Mar 7th, 2021 at 69.387
The intermediate-term trend has been DOWN since Mar 7th, 2021 at 69.572
The short-term trend has been UP since Apr 6th, 2021 at 66.666
Smart Scan Analysis for EURDOP
Based on our trend formula, EURDOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).