Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
British Pound/Dominican Peso (FOREX:GBPDOP)
Long-Term Uptrend (+90) - GBPDOP is in a strong uptrend that is likely to continue. While GBPDOP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 21st, 2020 at 74.46773
The intermediate-term trend has been UP since Jul 8th, 2020 at 73.78883
The short-term trend has been UP since Jul 15th, 2020 at 73.91241
Smart Scan Analysis for GBPDOP
Based on our trend formula, GBPDOP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).