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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.

FOREX_GBPDOP
Open High Low GBPDOP Price Change
76.53217 76.75014 76.12433 76.12433 -0.40784
Entry Signal

MarketClub’s Trade Triangles for GBPDOP

long term up The long-term trend has been UP since Jul 21st, 2020 at 74.46773

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2020 at 73.78883

short term up 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).

+90
Smart Scan Analysis for GBPDOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
76.53217 76.75014 76.12433 76.12433 -0.40784
Prev. Close Volume Bid Ask Time
76.53217 76.12082 76.12783 2020-08-12 07:51:54
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