Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
British Pound/Dominican Peso (FOREX:GBPDOP)
Strong Downtrend (-100) - GBPDOP 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 GBPDOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPDOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPDOP
The long-term trend has been DOWN since Apr 8th, 2021 at 77.92415
The intermediate-term trend has been DOWN since Nov 4th, 2021 at 76.45162
The short-term trend has been DOWN since Nov 23rd, 2021 at 75.78550
Smart Scan Analysis for GBPDOP
Based on our trend formula, GBPDOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).